StartUpToFinish

Reuters – Where, oh where, did AIG’s bailout billions go? That question may reverberate even louder through the halls of government in the week ahead now that a partial list of beneficiaries has been published.
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Reuters – Britain will get a stake of up to 77 percent in Lloyds Banking Group after agreeing a deal to underwrite 260 billion pounds ($370 billion) of risky assets, the struggling bank said on Saturday.Read More… [Source: Yahoo! News: Business]

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Reuters – The Belgian government and France’s biggest bank, BNP Paribas , have agreed revised terms for the break-up of stricken financial group Fortis in a third attempt to push the deal through.Read More… [Source: Yahoo! News: Business]

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Reuters – Federal Reserve Chairman Ben Bernanke said on Saturday the U.S. central bank would use all of its tools to stabilize financial markets and pull the economy out of recession.Read More… [Source: Yahoo! News: Business]

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Reuters – With stocks mired in multi-year lows and the fate of General Motors and banks hanging in the balance, investors are unlikely to curb their flight from risk next week, putting Wall Street on track for another brutal sell-off.
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BusinessWeek Online – The stock market is crashing — slowly, and in plain view of the people who count on it most. The 53% plunge in the Dow Jones industrials since October 2007 has wrecked the college- and retirement-savings plans of millions of investors. It has permanently lowered the long-term investment projections of private endowments [...]

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BusinessWeek Online – The stock market is crashing — slowly, and in plain view of the people who count on it most. The 53% plunge in the Dow Jones industrials since October 2007 has wrecked the college- and retirement-savings plans of millions of investors. It has permanently lowered the long-term investment projections of private endowments [...]

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Reuters – Britain will get a stake of up to 77 percent in Lloyds Banking Group after agreeing a deal to cap its losses at 260 billion pounds ($370 billion) of risky assets, the struggling bank said on Saturday.Read More… [Source: Yahoo! News: Business]

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Reuters – Such firms as Goldman Sachs Group Inc and Morgan Stanley were among the financial institutions that received payouts from American International Group Inc since the Federal Reserve first began to aid AIG, according to the Wall Street Journal.Read More… [Source: Yahoo! News: Business]

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