Bank to aid bond inquiry
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Bank of America Corp. said the Justice Department agreed not to press charges against it in exchange for its aid with a criminal probe of the municipal bond market.
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SHANGHAI/LONDON  - Britain will back a plan to convert its lending to Northern Rock  into bonds, a source familiar with the matter said, potentially tying itself to the bank for years but avoiding full-scale nationalization.
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UK chancellor Alistair Darling joins growing calls for a probe into the role credit agencies played  in the world financial crisis.
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The government says it will cover losses by financial institutions providing money to the troubled bank.
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WASHINGTON -- The Federal Reserve and other banking regulators issued special guidance Tuesday urging loan service companies to work with borrowers in danger of defaulting on their home mortgages.
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Police appeal for the public and banking institutions to be on the look out for banknotes stolen in a Â£22m robbery.
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D.C.-based business financing provider Allied Capital Corp. on Monday said it received last week a federal request for information related to a criminal investigation involving the company and its Business Loan Express LLC segment.
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The Bank of England agrees to give emergency financial support to mortgage lenders Northern Rock.
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Business & money: Bank could step in to tackle fresh inflation fears.
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Britain set a two-week deadline for a  private-sector rescue of Northern Rock  on Monday as it  confirmed plans to convert its billions of pounds of loans to  the stricken bank into bonds in a bid to smooth a deal.
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Surge follows details of government's plan to convert Â£24bn of loans into bonds
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The Hong Kong Monetary Authority (HKMA) Wednesday announced that it has required DBS Bank (Hong Kong) Ltd to carry out a thorough investigation into the recent destruction
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Get a handle on what debt may mean for a prospective investment.
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More participants will join a credit  rescue plan that three lead banks are setting up to help  stabilize the asset-backed commercial paper market, but it will  be temporary, a senior U.S. Treasury official said on Saturday.
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Commercial banks sought slightly more funds than were available Tuesday in a three-month offer of cash made under a special refinancing arrangement announced last week, the Bank of England said.
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A pilot program by the Federal Reserve and state banking regulators will examine firms that account for the majority of subprime loans.
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U.S. regulators plan to probe how the major credit-rating agencies are paid and their independence from Wall Street firms that issue bonds amid the crisis in the mortgage market, the Wall Street Journal reported in its online edition on Friday.