What Do You Know About Bonds
A bank or establishment will give you bonds in exchange for you lending them cash they issue bonds that promise to compensate yourself back in the time to come including interest
September 22, 2008
AIG shares jump on report of shareholder plan
Shares of American International Group Inc jumped as much as 43 percent on Monday, boosted by hopes that quick asset sales might allow the struggling insurer to repay an emergency bailout loan and stay out of the clutches of the U.S. government.
FACTBOX - A week that changed Wall Street and beyond
(Reuters) - Wall Street’s landscape was transformed in just over a week, and the government made an unprecedented intervention to prop up chaotic financial markets.
MUFG to buy up to 20% of Morgan Stanley
Mitsubishi UFJ said it had agreed to take a stake of between 10-20% in Morgan Stanley, in a deal potentially worth $9bn, becoming the latest Japanese bank to benefit from turmoil in western markets
Goldman, M Stanley to become regulated banks
Mitsubishi UFJ, Japan’s largest bank, said it planned to take a 10%-20% stake in Morgan Stanley, after the Fed gave the green light to Goldman Sachs and Morgan Stanley to become regulated banks
US banks make shock status switch
The last two major US investment banks change their status, in a bid to survive the ongoing upheaval in the financial sector.
Darling to pledge action on economy
The chancellor is to promise action on weaknesses in the financial system in his Labour Party conference speech.