Filed Under (Business News) by Fred Chan on 26-02-2009
American International Group and U.S. authorities are in advanced discussions over a radical restructuring that would split the insurer into at least three government-controlled divisions in an attempt to keep it afloat, the Financial Times reported on its website, citing people close to the situation.
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Filed Under (Business News) by Fred Chan on 26-02-2009
Bank of America is looking to sell a private bank it inherited from Merrill Lynch & Co, a banker familiar with the situation said on Wednesday.
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Filed Under (Business News) by Fred Chan on 26-02-2009
India’s Satyam Computer Services’ board began a meeting on Thursday that is expected to set pricing guidelines for a preferential share issue to a strategic investor in the outsourcer at the centre of India’s biggest corporate fraud.
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