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U.S. Treasury May Buy Stakes in Banks Within Weeks (Update2) - Bloomberg
Oct. 9 (Bloomberg) -- The government is planning to buy stakes in a wide range of banks within weeks as the credit freeze increasingly threatens to tip the U.S. economy into a deep recession. Treasury Secretary Henry Paulson and top aides are still ...

RBS's Credibility `Shot to Bits' Since ABN Amro Deal (Update3) - Bloomberg
Oct. 9 (Bloomberg) -- Royal Bank of Scotland Group Plc Chief Executive Officer Fred Goodwin may have wanted to win more than was good for him. As money markets froze in 2007, the Scot led the world's biggest banking takeover, paying 72 billion euros ...

KeyCorp cuts prime rate to 4.5 percent - MSN MoneyCentral
CLEVELAND (AP) - KeyCorp said late Wednesday it lowered its prime lending rate to 4.5 percent from 5 percent. The cut in the prime rate matches the 0.5 percent rate cut the Federal Reserve Board announced Wednesday. The prime rate usually moves in ...

National City cuts prime rate to 4.5 percent - MSN MoneyCentral
CLEVELAND (AP) - Regional bank National City Corp. said Wednesday it lowered its prime lending rate to 4.5 percent from 5 percent. The cut in the prime rate matches the 0.5 percent rate cut the Federal Reserve Board announced earlier in the day. The ...

Keycorp Clobbered - Forbes
There was plenty of pain to go around Thursday, and the Cleveland-based bank Keycorp got a fair share of it. With National City (nyse: NCC - news - people ) under the microscope, rumors were swirling that Keycorp, too, may need a purchaser--or at the ...

WSJ : National City in sale talks - Crain's Cleveland Business
Citing “people familiar with the situation,” The Wall Street Journal reports in Thursday’s issue that National City Corp. is in talks with a number of banks about a possible sale. The Journal identifies PNC Financial Services Group Inc. of ...

Cleveland/Cuyahoga County - Cleveland Leader
The Plain Dealer can whine all it wants about Cleveland’s leadership but for the last 40 plus years I’ve been an observer of the newspaper’s leadership from inside (as a PD reporter) and outside (as a critic). Let me tell you, the paper’s ...

Fed slashes interest rates, but stocks lose again - Cleveland Plain Dealer
WASHINGTON (AP) — Wall Street bounced higher and lower Wednesday trying to make up its mind about an unprecedented coordinated interest rate cut by central banks around the world. In the end it settled on a familiar feeling — fear — and plunged ...

The Crash: Risk and Regulation - Washington Post
• Cooking : Food Section Washington Post staff writers Jill Drew, Anthony Faiola and Ellen Nakashima were online Wednesday, Oct. 15 at 1 p.m. ET to answer questions about their story detailing the regulatory decisions that were made as long as a ...

The Fed rate cut: What it means to you - Cleveland Plain Dealer Blog
In a historic joint move by the Federal Reserve and six other central banks worldwide, base interest rates were cut half a point Wednesday. The Fed reduced the cost of money to 1.5 percent. That influences other rates, including prime, which is now 4 ...