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Reuters: Business News
  • European leaders hatch aid plan for banks in crisis
    PARIS (Reuters) - European leaders, rushing to craft a credible response before fearful world markets reopen, pledged on Sunday to pump public money into banks battered by the worst financial crisis since the 1930s.

  • Bankruptcy financing gets pricier and more elusive
    NEW YORK (Reuters) - Financing is getting pricier and more elusive for companies that file for bankruptcy.

  • AIG knew of potential problems in valuing swaps: report
    NEW YORK (Reuters) - Top executives at American International Group Inc knew of potential problems in valuing derivatives contracts, known as credit default swaps, long before questions about the risky transactions caused its stock to plummet, the Wall Street Journal said, citing documents released by congressional investigators.

  • HBOS says takeover by Lloyds TSB still on
    LONDON (Reuters) - Britain's biggest mortgage provider HBOS Plc said the takeover of the bank by Lloyds TSB remained on, rejecting a report on Sunday that the deal had collapsed.

  • Financial markets near complete freeze
    LONDON (Reuters) - Investors will be seeing this week whether policymakers found a way to pull markets away from a deeper collapse as global capital markets faced complete freeze-up.


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