Banks balk at call to divulge Lehman debt holdings
Barclays PLC (BCS), Bank of America Corp. (BAC) and Citigroup Inc. (C) are among more than a dozen major financial firms resisting calls to expose their debt positions in Lehman Brothers Holdings Inc. (LEHMQ) as they wrangle with other creditors over the failed investment bank's fate.
Source: Market Watch
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Reynolds Group Holdings Limited Announces Bank Meeting and Anticipated Funding for the Acquisition o
AUCKLAND, New Zealand--(BUSINESS WIRE)--Reynolds Group Holdings Limited (“Reynolds Group”) today announced its intention to hold a bank meeting with prospective lenders on July 11, 2011 in New York,...
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Fed Releases More Details on Its Effort to Bail Out Lehman and Other Dealers
Bloomberg has a new story on its continuing efforts to pry more information out of the Fed on who borrowed what when in the runup to the financial crisis. The central bank had refused to provide details...
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German Finance Minister On Euro Crisis - 'We Can't Allow A Second Lehman Brothers'
Last week, Greece passed strict austerity measures and is out of immediate danger of insolvency. For now. SPIEGEL spoke with German Finance Minister Wolfgang Schauble about what happens next, whether...
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Provident Financial Holdings Announces the Promotion of an Executive
RIVERSIDE, Calif. -- Provident Financial Holdings, Inc. , , the holding company for Provident Savings Bank, F.S.B. , today announced that the Company's Board of Directors promoted Donavon P.
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First Financial Holdings to Sell First Southeast Insurance Services to Hub Int'l
Positions Balance Sheet for Future OpportunitiesCHARLESTON, S.C. -- First Financial Holdings, Inc. (...
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RBI backs holding co for banks, NBFCs
Conglomerates like ICICI Bank, SBI and HDFC will find it easier to raise capital for new financial activities with the Reserve Bank of India favouring a holding company structure for both banking and...
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RBI paves a tough road for holding companies
The Reserve Bank of India (RBI) on Monday paved the way for a holding company structure for financial entities. But it was done with an important caveat - the apex bank has sought to be the sole regulator...