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JPMorgan, Citigroup Helped Cause Lehman's Collapse, Examiner's Report Says JPMorgan Chase & Co. and Citigroup
Inc. helped cause the failure of Lehman Brothers Holdings Inc.
by demanding more collateral and changing guarantee agreements,
according to a court-ordered report on the biggest bankruptcy in
U.S. history.
KKR Files to List $2.2 Billion of Its Shares on NYSE, Broadening Ownership KKR & Co., the private-equity firm
run by Henry Kravis and George Roberts, filed to list its shares
on the New York Stock Exchange.
Janet Yellen Said to Be Obama Pick for Fed Vice Chairman to Replace Kohn Federal Reserve Bank of San
Francisco President Janet Yellen is President Barack Obama’s
pick for vice chairman of the central bank in Washington, two
people with knowledge of the selection process said.
Junk Bonds Beating Investment Grade as TXU, Freescale Soar: Credit Markets High-yield, high-risk bonds are
beating investment-grade debt for the first time this year as
confidence in the U.S. economic recovery gains strength.
Stocks Rise, Led by Emerging Market Banks, Miners; Gold Gains, Yen Weakens Stocks rose as commodity companies
and banks drove the MSCI Emerging Markets Index to its fifth
week of gains. Gold led commodities higher, while the yen
weakened.
AIG Is Said to Query Bonus Holdouts in Push for $45 Million of Concessions American International Group Inc.’s
effort to reach its commitment of $45 million in bonus
concessions are focusing on former employees who have refused to
accept reduced payouts, said people with knowledge of the talks.
Dodd's Quest for Financial Overhaul Set Back as Bipartisan Talks Collapse The most ambitious attempt to
overhaul U.S. financial rules since the 1930s suffered a setback
as the third bipartisan push collapsed, setting the stage for
wrangling that could delay a final bill for months.
Republicans Fan Distrust of Senate to Thwart Health-Care Measure in House Senate Republicans are sending a
self-deprecating message to House Democrats to persuade them to
vote against health-care legislation: Don’t trust senators.
Twin Lahore Blasts Leave 53 People Dead, 95 Injured, Rescue Service Says Two suicide bombers attacked an
army convoy in Pakistan’s Lahore, killing at least 53 people and
injuring 95 in the second attack on the city this week, police
and rescue services said.
British Airways Flight Attendants Plan Seven Days of Strikes in Late March British Airways Plc’s 12,000 flight
attendants will strike for seven days starting on March 20 after
talks about pay and lower staffing levels broke down.
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