Goldman and Morgan Stanley to become Fed-backed banks

September 21, 2008 on 11:59 pm | In Business News | No Comments

WASHINGTON/PHILADELPHIA (Reuters) - Goldman Sachs and Morgan Stanley got approval on Sunday to become bank holding companies regulated by the U.S. Federal Reserve, effectively killing off the investment banking model that has dominated Wall Street for more than 20 years.

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Goldman and Morgan Stanley to become Fed-backed banks

Nomura and others vie for Lehman Asia ops

September 21, 2008 on 11:37 pm | In Business News | No Comments

TOKYO/SEOUL (Reuters) - Nomura Holdings , Japan’s largest brokerage, has put in bids to buy both the Asian and European operations of failed U.S. investment bank Lehman Brothers , two financial industry sources told Reuters, pitching it against other banks and brokerages.

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Nomura and others vie for Lehman Asia ops

Goldman Sachs to be regulated by U.S. Fed Reserve

September 21, 2008 on 10:11 pm | In Business News | No Comments

PHILADELPHIA (Reuters) - Goldman Sachs said on Sunday it would become the fourth largest bank holding company and would be regulated by the Federal Reserve.

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Goldman Sachs to be regulated by U.S. Fed Reserve

Nomura bids for Lehman Asia and Europe units

September 21, 2008 on 9:28 pm | In Business News | No Comments

TOKYO (Reuters) - Nomura Holdings , Japan’s largest brokerage, has bid for both the Asian and European operations of U.S. investment bank Lehman Brothers , two financial industry sources told Reuters.

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Nomura bids for Lehman Asia and Europe units

U.S. stock and bond futures off on rescue detail worry

September 21, 2008 on 8:40 pm | In Business News | No Comments

NEW YORK (Reuters) - Uncertainty about the workings of the government’s $700 billion (382 billion pounds) bank bailout drove U.S. stock index futures and bond futures lower Sunday evening as Asian markets got …

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U.S. stock and bond futures off on rescue detail worry

As house price woes hit France, could Paris resist?

September 21, 2008 on 8:22 pm | In Business News | No Comments

PARIS (Reuters) - Ewa Filipiak, an economist who’s been apartment-hunting in Paris for six months, has decided now is not the time to buy.

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As house price woes hit France, could Paris resist?

U.S. bank bailout talks ramped up

September 21, 2008 on 7:59 pm | In Business News | No Comments

WASHINGTON (Reuters) - The Bush administration and Congress on Sunday ramped up talks on an unprecedented $700 billion (382 billion pounds) bank bailout as they battled the clock to prevent further financial market turmoil that risks hurtling the economy into a deep and …

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U.S. bank bailout talks ramped up

House prices down 3.3 percent in September

September 21, 2008 on 7:53 pm | In Business News | No Comments

LONDON (Reuters) - Asking prices for homes in England and Wales fell 1 percent on the month in September, leaving them 3.3 percent lower than a year ago, a survey showed on Monday.

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House prices down 3.3 percent in September

U.S. Treasury chief says bailout needed to shield economy

September 21, 2008 on 3:49 pm | In Business News | No Comments

WASHINGTON (Reuters) - U.S. Treasury Secretary Henry Paulson pressed his case for an unprecedented $700 billion (381 billion pound) bailout of financial markets on Sunday as negotiations over the plan opened between the administration and Congress.

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U.S. Treasury chief says bailout needed to shield economy

U.S. Treasury chief makes case for bailout

September 21, 2008 on 1:13 pm | In Business News | No Comments

WASHINGTON (Reuters) - U.S. Treasury Secretary Henry Paulson took his case for an unprecedented $700 billion (382 billion pound) bailout of financial markets to the American people on Sunday, saying it was needed to prevent further damage to an already fragile economy.

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U.S. Treasury chief makes case for bailout

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