Banks, investment firms reduce Fed loans - Ann Arbor News

WASHINGTON (AP) — The Federal Reserve says banks and investment firms reduced borrowing from its emergency lending program. The Fed's report shows commercial banks averaged $91.6 billion in daily borrowing over the past week. That was down from $95 ...

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Waleed to boost Citigroup stake - Gulf Times

NEW YORK: Citigroup Inc won a vote of confidence from Saudi Prince al-Waleed bin Talal, its largest individual investor, who yesterday said he plans to boost his stake in the US banking giant to 5% from less than 4%. In a statement, Alwaleed said he ...

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Opera-loving philanthropist convicted in NY of swindling investors out ... - Los Angeles Times

NEW YORK (AP) _ Opera-loving philanthropist Alberto Vilar was convicted on fraud charges Wednesday for swindling investors, including the mother of actress Phoebe Cates, out of millions of dollars. Federal prosecutors accused Vilar and a business ...

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Gap's 3Q profits edge up 3.4 percent on cost cuts - WTOP Radio

NEW YORK (AP) - Apparel chain Gap Inc. reported Thursday that its third-quarter profit rose 3.4 percent as cost-cutting efforts like inventory control offset a sales slump. The company also affirming its profit guidance for the full year. The San ...

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Chinese President Hu Jintao in Cuba - La Prensa Latina

Havana, Nov 18 (Prensa Latina) Chinese President Hu Jintao starts Tuesday his official agenda in this capital, after being welcomed by First Vice President Jose Ramon Machado Ventura. After arriving at Havana"s Jose Marti International Airport Monday ...

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Banks, investment firms reduce Fed loans - WTOP Radio

WASHINGTON (AP) - Commercial banks and investment firms reduced borrowing from the Federal Reserve 's emergency lending program over the past week, although demand for the loans was still elevated. The Fed's report, released Thursday, showed ...

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JPMorgan cuts investment banking jobs: sources - Boston Globe

NEW YORK (Reuters) - JPMorgan Chase & Co is cutting 10 percent of its investment banking staff -- about 3,000 jobs -- as the economic slowdown starts to bite into its earnings, people familiar with the situation said on Thursday. JPMorgan ...

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