Northern Rock sells assets to JP Morgan for 2.25 billion pounds
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Stricken British bank Northern Rock said Friday it had sold part of its mortgage book to US investment bank JP Morgan for 2.25 billion pounds (4.39 billion euros, 2.97 billion dollars) in cash.
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Deustche Bank, Germany's biggest bank, said it finalised the sale of a portfolio of 109 business properties to British investment fund Eurocastle Investment for 300 million euros (211 million pounds).
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Bank of America  sold 230 billion  yen ($2 billion) of global bonds on Friday, sources said,  joining a handful of major banks that have sought to raise cash  in Japan&#39;s stable credit markets.
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Northern Rock, the mortgage lender saved from collapse  by the Bank of England, took a step toward repaying the loans by selling a 2.2 billion pound portfolio to JP Morgan.
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UK-BASED investment manager and life services provider HHG Plc has agreed to sell its Life Services business for an estimated $2.46 billion.
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The Bank of England pumped another 4.4 billion pounds into money markets on Tuesday amid turmoil surrounding embattled bank Northern Rock.
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The bank said it would sell a $5 billion stake to Chinaâs sovereign wealth fund as it posted a loss after taking a new $5.7 billion write-down related to mortgages.
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LONDON Banco Santander Central Hispano, Spain&#39;s biggest bank, said Thursday that it was selling as much as Â£1.26 billion of shares in Royal Bank of Scotland Group, scaling back its 16-year partnership with the British bank as it seeks to buy Abbey
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Government financing triggers move but Treasury says Northern Rock has not been nationalised
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Bonds worth Â£24bn and guaranteed by the government to rescue Northern Rock will have maturities of between two and three years, according to information sent to potential bidders for the stricken lender
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Enron Corp. has agreed to sell its domestic natural gas pipelines for more than $2 billion after an auction aimed at helping the energy company emerge from one of the most expensive and complicated bankruptcies in history.
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Business & money: Â£2.2bn stake in nuclear power generator to be used to help clean up the company's existing sites.
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Embattled British bank Northern Rock   is preparing for a sell-off that could see its 100  billion pound ($202 billion) mortgage portfolio divided between  the country&#39;s other major banks, the Sunday Telegraph said.
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Bank of America  sold 230 billion yen ($2 billion) of global bonds on Friday, sources said, joining a handful of major banks that have sought to raise cash in Japan's stable credit markets.
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Mobile phone giant Vodafone sells its 25% stake in Swisscom Mobile for 4.25bn Swiss francs (Â£1.8bn).
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Morgan Stanley unveils a $9.4bn asset write-down and sells a $5bn stake to the Chinese sovereign wealth fund.
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Britain&#39;s biggest cable company, NTL, agreed yesterday to sell its radio and television broadcasting business for Â£1.27bn to a consortium led by a fund managed by Australia&#39;s Macquarie Bank.