FRANKFURT (Germany) - GERMAN authorities said on Thursday they have raided 20 homes and businesses as part of a wider investigation into an international ring - including four Germans - suspected of selling shares in worthless companies.
NEW YORK - CITIGROUP Inc. is boosting its lending and has formed a committee to oversee how taxpayer dollars in the bank are being used, CEO Vikram Pandit says.
'We are increasing our lending and continue to make targeted consumer and commercial loans,' Mr Pandit said in a memo late on Wednesday to employees.
LONDON - THE cost of three-month dollar loans between banks fell further on Thursday in the wake of the US Federal Reserve's decision to cut its benchmark rate to near zero per cent.
WASHINGTON - FEDERAL regulators on Thursday adopted sweeping new rules for the US credit card industry that will shield consumers from increases in interest rates on existing account balances among other changes.
