NEW YORK, June 24 (UPI) -- Pay packages at U.S. financial firms are expected to rise up to 30 percent in 2009 in spite of the financial crisis, a compensation consulting firm said.
TOKYO, May 1 (UPI) -- Sumitomo Mitsui Financial Group, Japan's second-largest bank, agreed to buy two Citigroup Japanese units for $5.56 billion, the U.S. institution said Friday.
WASHINGTON, April 20 (UPI) -- The U.S. Treasury could be ready to convert its multibillion-dollar bailout purchases from preferred shares to common stock, administration officials said.
WASHINGTON, Feb. 3 (UPI) -- Lending by U.S. banks dropped about 1 percent in the final quarter of 2008 in spite of the government's bailout efforts, Federal Reserve data show.
BERLIN, Nov. 1 (UPI) -- German Chancellor Angela Merkel said banks should take advantage of a $637 billion government bailout plan few have availed themselves of so far.
WASHINGTON, Oct. 30 (UPI) -- A large share of the U.S. federal bailout funds allocated to banks will end up in the hands of the banks' shareholders, much to Sen. Charles Schumer's dismay.
TOKYO, Sept. 9 (UPI) -- Major Japanese banks as of June held about $93 billion in bonds and securities of U.S. government bailed out mortgage giants, the government said Tuesday.
NEW YORK, Aug. 22 (UPI) -- Four large U.S. banks said Wednesday they each borrowed $500 million from the Federal Reserve's "discount window," adding liquidity to the credit markets.
NEW YORK, March 7 (UPI) -- Citigroup Inc. said Tuesday it plans to sell 8 million shares of Baltimore-based Legg Mason Inc., worth about $1 billion.
MEXICO CITY, June 27 (UPI) -- Mexico has required three international banks and a Mexican lender to reimburse the federal government $114 million more than they already have paid back.
