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RBS Chief Goodwin Said to Step Down in Plan to Raise Capital - Bloomberg
Oct. 12 (Bloomberg) -- Royal Bank of Scotland Group Plc Chief Executive Officer Fred Goodwin plans to step down as the bank raises at least 10 billion pounds ($17 billion) in a government rescue, people familiar with the matter said. The Edinburgh ...

RBS Considers 10 Billion-Pound Capital-Raising Plan (Update1) - Bloomberg
Oct. 12 (Bloomberg) -- Royal Bank of Scotland Group Plc , the U.K.'s fourth-biggest bank, plans to raise at least 10 billion pounds ($17 billion) from investors and the government as the credit crisis worsens, said a person familiar with the matter ...

Mortgage Foreclosures - The Ledger
Roig, Francisco, Marlenis Caballero, et al.; by Citimortgage, Inc. (08-0972) Romo, Zuleika, et ux., et al., Lot 217, Legacy Park Phase One; by Accredited Home Lenders, Inc., a California Corp.. (08-0434) Rosa, Anthony, et ux., et al., Lot 13, Block ...

Hoping There's Hope - Safe Haven
For the tumultuous week, the Dow (down 36.3% y-t-d) and S&P500 (down 38.8% y-t-d) sank 18.2%. There was no place to hide. The Morgan Stanley Consumer index dropped 14.5% (down 26.2%) and the Utilities were hit for 20.3% (down 39.2%). The Transports ...

Lehman Gets Bids From Bain, Clayton for Asset-Management Unit - Bloomberg
Sept. 13 (Bloomberg) -- Lehman Brothers Holdings Inc. received bids for its asset-management unit from private- equity firms including Bain Capital LLC and Clayton Dubilier & Rice Inc., said people familiar with the situation. The bids value the unit ...

Lehman Shares Fall After Talks With Korean Bank End (Update5) - Bloomberg
Sept. 9 (Bloomberg) -- Lehman Brothers Holdings Inc. fell a record 45 percent in New York trading after talks about a capital infusion from Korea Development Bank ended. The Wall Street firm is continuing to negotiate with other potential investors ...

Citigroup: Above the fray? - International Herald Tribune
You're one of the largest commercial banks in the United States. Your international reach is beyond compare, with customers in scores of countries relying on you for credit cards, mortgages and auto loans. Corporations worldwide turn to your ...

WaMu is largest U.S. bank failure - Boston Globe
NEW YORK/WASHINGTON (Reuters) - Washington Mutual Inc was closed by the U.S. government in by far the largest failure of a U.S. bank, and its banking assets were sold to JPMorgan Chase & Co for $1.9 billion. The rescue marks a historic ...

Lehman Brothers tries to buy itself time with dividend cut - Times Online
Lehman Brothers announced plans yesterday to shed assets and cut costs to stave off a growing crisis of confidence that threatens its future. Key elements to bolster the investment bank’s finances include spinning off up to $30 billion (£17 ...

Rally in energy and tech stocks lift Wall Street - Financial Times
Washington Mutual slid to its lowest level since 1991 on Wednesday as the wider financial sector took scant comfort from Lehman Brothers’ hurried update and failed to recover from the previous session’s heavy losses. The mortgage lender, which ...