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Saturday, October 11, 2008


EXCLUSIVES

It has cost 21 financial institutions $5 billion to prop up their money funds: that, and a hit to earnings.
 
Lingo inside the $700 billion bank rescue bill tells SEC to revisit standards that fuel big bad-asset write-downs. But what would replace them?
 
Bank execs want regulators to hold off on implementing accounting measures that may slow the wave of consolidation washing across the financial services industry.
 
More competition could mean higher CD rates. It could also mean higher risk.
 
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( Reuters )American International Group has so far borrowed $70.3 billion under a U.S....
 
( Reuters )A worsening job market and financial market turmoil slammed U.S. consumer spending in September, despite falling gasoline and food prices,...
 
The Financial Accounting Standards Board adopted new guidance on fair-value accounting in illiquid markets today, giving financial institutions more leeway to valueg financial instruments based on...
 
( Reuters )Market bellwether General Electric reported third quarter earnings of .45 cents a sharein line with analyst forecasts....
 
(Leclair out as Ford CFO; Booth waiting in the wings Don Leclairs 32-year ride with Ford Motor Co. has come to an end, and the CFO is now set to depart the ailing automaker at the end of this month. Ford revealed this morning that Mr. Leclair, 56, will ...
 
(Northern Trust, two others, bid to run $700 billion bailout ( Crain's Chicago Business )Northern Trust Corp....
 
( Crains Chicago Business )Drugstore chain Walgreen Co. announced that Jeffrey Rein has retired as its chairman and CEO....
 
The United States is reviewing a British proposal to guarantee interbank lending, a Treasury Department spokeswoman said on Friday....
 

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