U.S. bailout vote nears as crisis hits Europe banks
WASHINGTON (Reuters) - U.S. lawmakers prepared to vote on Monday on a $700 billion government fund to buy bad debt as the global financial crisis kept markets on tenterhooks by forcing European authorities to rescue troubled banks.
Wachovia bank in talks to be bought: sources
NEW YORK (Reuters) - Wachovia Corp is in talks with rivals to be taken over, sources familiar with the situation said on Sunday, after the U.S. bank's shares fell 27 percent on Friday due to ongoing concerns about its portfolio of illiquid mortgage assets.
Santander buys B&B deposits as nationalization looms
LONDON (Reuters) - Britain is set to nationalize troubled bank Bradford & Bingley on Monday after Spanish bank Santander agreed to buy its retail deposits and branch network.
Goldman seeks to buy up to $50 billion in assets: report
NEW YORK (Reuters) - Goldman Sachs Group Inc is looking to buy up to $50 billion in assets from troubled U.S. banks, the Financial Times reported on Sunday, citing executives at the bank.
ImClone to announce sale talks continuing: report
(Reuters) - ImClone Systems Inc is expected to announce later on Monday that it is continuing talks to sell itself to a major pharmaceutical concern for a price in the range of $6.1 billion, the Wall Street Journal said, citing people familiar with the matter.
Lehman's Neuberger unit closer to sale: sources
NEW YORK (Reuters) - Private equity firms Bain Capital LLC and Hellman & Friedman LLC were closer to a deal on Sunday night to buy Lehman Brothers Holdings Inc's prized Neuberger Berman unit, two sources familiar with the situation said.
Benelux governments rescue Fortis to avert U.S. contagion
BRUSSELS (Reuters) - Benelux financial group Fortis underwent a shotgun nationalization on Sunday after emergency talks with European Central Bank President Jean-Claude Trichet to prevent U.S.-style financial contagion engulfing one of Europe's top 20 banks.
Bailout progress supports dollar
HONG KONG (Reuters) - The U.S. dollar edged up and gold prices slipped on Monday as Washington lawmakers prepared to vote on a plan to save the financial system from ruin, but Asian stocks fell on persistent questions on its effectiveness.
Stock futures edge higher as bailout vote nears
NEW YORK (Reuters) - Stock index futures rose on Sunday as lawmakers in Washington geared up to vote on creating a $700 billion government fund to buy bad debt in an effort to alleviate the global financial crisis.
AIG eyes sale of more than 15 businesses: paper
NEW YORK (Reuters) - American International Group , the insurer bailed out by the U.S. Federal Reserve earlier this month, is looking to sell more than 15 businesses, to repay its $85 billion government loan, the Financial Times said on Sunday.
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