U.S. bank regulators closed two more banks on Friday (27 February 2009), the 15th and 16th banks to fail this year, as the worsening recession pulled more regional banks underwater.
The Malaysian Government is expected to make a decision on road toll rates soon, possibly before the end of this week, as it owes compensation to the concessionaires for at least two months and more will be owed without a decision.
PARIS, Feb 25 (Reuters) – The French state will subscribe
to preference shares without voting rights in the company
formed by the merger of mutual banks Banque Populaire
and Groupe Caisse d’Epargne and will eventually hold
20 percent of the capital, a highly placed government source
said.
