Treasury invests $15B more in banks
The Treasury Department said Monday it had invested $15 billion in another seven banks, including two companies that recently completed large takeovers of other banks.

Treasury provides $15B from bailout pot to 7 banks
WASHINGTON -- The government said Monday it had supplied another $15 billion to seven banks in the latest round of payments from the $700 billion rescue fund.

Treasury Sends Banks Another $15 Billion
The government said Monday it had supplied another $15 billion to seven U.S. banks in the latest round of payments from the $700 billion rescue fund.

Central Banks Bring Out Scalpels To Tackle Deflation
Monetary policy makers talk about cutting rates further for price stability, but central banks might need to pump money into the corporate sector.

U.K. Short-Sale Ban Failed to Stop Banks? Slump: Chart of Day
Jan. 6 (Bloomberg) -- The U.K. is dropping a ban on short- selling of financial stocks after they fell three times more than the broader market and banks posted their biggest quarterly slump in at least two decades.

Banks May Lose $51 Million in Heller Dispute
A "clerical error" could cost Bank of America and Citibank $51 million if Heller Ehrman has its way in bankruptcy court. If the court rejects a correction, the banks would have to return money received from Heller within the 90 days preceding the firm's bankruptcy. Heller filed for Chapter 11 bankruptcy protection on Dec. 28, nine days after its San Francisco landlord had been granted a writ of ...

Treasury Invests $15B in Seven Banks
Treasury on Monday said it officially invested $15 billion of the $700 billion government bailout fund in seven banks.

Banks Tell Flaherty They?re Committed to Lending (Update1)
Jan. 5 (Bloomberg) -- Canadian bank executives told Finance Minister Jim Flaherty that they?re lending to ?credit-worthy? clients, countering criticism that banks aren?t providing enough credit amid the recession.

First Banks takes federal bailout money
Five months after taking a $100 million bailout from the Dierberg family, First Banks is taking another $295 million from the federal bank rescue fund. The bank issued $295 million in preferred stock, paying a 5 percent dividend, to the U.S. Treasury.

Treasury invests another $15 billion in seven banks
The U.S. Treasury Department says it recently invested another $15 billion in seven banks as the government continues to try to reinvigorate lending and revive the economy.

Treasury Provides $15B from Bailout to 7 Banks
WASHINGTON (AP) --The government says it has supplied another $15 billion to seven banks in the latest round of payments from the $700 billion rescue fund. The Treasury Department says the biggest payment in the new round totaled $7.58 billion to Pittsburgh-based PNC Financial Services Group Inc. The latest payments bring the amount the government has committed to buying bank stock as a way of ...

India's RBI Slashes CRR To Cooperative Banks By 0.5%
(RTTNews) - India's apex bank Reserve Bank of India or RBI on Monday slashed the Cash Reserve Ratio or CRR, the amount of cash that banks need to keep in reserve, to cooperative banks by 0.5% to encourage the wilting economy, reported the PTI. The rate cut will be effective from the fortnight beginning January 17.

NAB Won?t Sell U.K. Banks Amid Global Turmoil, Australian Says
Jan. 6 (Bloomberg) -- National Australia Bank Ltd. won?t sell its U.K. banks amid a crisis in the industry, the Australian newspaper reported. A bank spokesman who wasn?t named scotched speculation it will sell its Clydesdale and Yorkshire banks, the newspaper said.

Treasury Provides TARP Funds to Local Banks
- The U.S. Treasury Department announced details this week of a $15 billion investment in 7 banks made through its Capital Purchase Program. Treasury created the Capital Purchase Program, a part of the Troubled Asset Relief Program, to help to stabilize and strengthen the U.S. financial system.

U.S. may take common equity stakes in banks, UBS says
The U.S. government may take common equity stakes in banks in another effort to boost lending and revive the economy, UBS analysts say.

Bishop urges banks to pass rate cuts on to business
Deputy Federal Opposition Leader Julie Bishop has joined business leaders in calling for banks to pass on the full amount of recent interest rate cuts.

Treasury provides $15B from bailout pot to 7 banks
The government said Monday it had supplied another $15 billion to seven banks in the latest round of payments from the $700 billion rescue fund. The Treasury Department said the biggest payment in the new round totaled $7.58 billion to Pittsburgh-based PNC...

7 banks get $15B from bailout; lenders still not lending to taxpayers
The U.S. Treasury has doled out $15 billion more to seven banks, including three big regional institutions. The top financial panhandlers of this round are PNC Financial Services Group Inc. of Pittsburgh, which received $7.5 billion, followed by Fifth Third Bancorp of Cincinnati at $3.4 billion. Next up was CIT Group of New York ($2.3 billion) and SunTrust Banks Inc. of Atlanta ($1.3 billion). ...

UBS, Credit Suisse Rise After the Banks Sell Assets (Update1)
Jan. 5 (Bloomberg) -- UBS AG and Credit Suisse Group AG rose in Swiss trading after the country?s two largest banks announced the sale of almost $1.3 billion of assets on the last day of 2008.

German Stocks Rise for Fourth Day; Banks, Carmakers Limit Gains
Jan. 5 (Bloomberg) -- German stocks advanced for a fourth day as speculation that governments will step up efforts to revive economic growth overshadowed concern further credit losses and weakening demand will hurt earnings at banks and carmakers.