Banks abandon plan for Super-SIV: sources
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Bank of America Corp , Citigroup , and JPMorgan Chase & Co  have abandoned plans for a fund to bail out structured investment vehicles, due to a lack of demand, according to sources familiar with the matter.
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Dexia said Sunday that it had decided to formally terminate its plans to form an alliance with the Italian bank Sanpaolo IMI. The board of the French-Belgian bank &quot;has noted unanimously that the conditions
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HSBC Holdings Plc , Europe's biggest bank, said on Friday that it would close its U.S. subprime mortgage unit, cutting 750 jobs and taking $945 million in charges and write-downs, because the business is no longer sustainable.
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Asia-focused bank Standard Chartered has  withdrawn two proposals to rescue a $7 billion structured  investment vehicle (SIV) just a week after it was forced into  receivership, the bank said on Wednesday.
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The government has dropped plans to build a supercasino in Manchester, the BBC learns.
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The research operation will be shuttered, sources close to the company said, since UBS already has coverage in the areas where Schwab&#39;s Soundview is strong.
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Britain's Prudential Plc  has rejected an approach for loss-making Internet bank Egg, the insurer said on Sunday, after the Sunday Times newspaper reported U.S giant Citigroup Inc.  was considering a bid.
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TULA, Russia  - State-owned Sberbank's  supervisory board postponed a decision on a share issue that would be worth $8.7 billion at current prices, a senior finance ministry official told Reuters on Tuesday.
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Further interest rate cuts may be in the  offing and money market rates may be easing but news from the  world's major banks on Friday gave no indication that the  global credit crisis is abating.
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TORONTO (CP) - Iamgold Corp. was shut out of another big merger plan Tuesday after shareholders of South Africa&#39;s Gold Fields Ltd.
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WASHINGTON, Nov 5 (IPS) - The World Bank says it has postponed a   consultation with civil society groups in Berlin on its proposed  social and  environmental guidelines for lending after the NGOs  boycotted the event and  threatened to launch protests instead.
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JP Morgan Chase &amp; Co., the country&#39;s second-largest bank, announced yesterday that it was ending a $5 billion outsourcing contract with IBM Corp.
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One of Britain's biggest property funds shuts its doors to withdrawals after panic selling
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State-owned Sberbank's   supervisory board postponed a decision on a share issue that  would be worth $8.7 billion at current prices, a senior finance  ministry official told Reuters on Tuesday.
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Business & money: Deal forced to be scrapped as the fallout from the sub-prime markets continues to spread
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Europe&#39;s biggest bank HSBC Holdings   has rejected calls from activist investor Knight Vinke  Asset Management for it to review its strategy and shake up its  corporate governance, the Financial Times reported.
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HSBC on Thursday reversed its decision to take away students&#39; interest-free overdrafts as soon as they leave university after it suffered a consumer revolt by graduates on the pages of Facebook, the cult social-networking site.