Open Hands, Deep Pockets

cityfile · 11/03/08 06:15AM

♦ Treasury officials say as many as 1,800 institutions may apply for government investments in the next few weeks. [WSJ]
♦ GM hasn't been so lucky extracting cash: The Treasury has turned down a request by the automaker for $10 billion to help finance a merger with Chrysler. [NYT]
Henry Kravis's KKR is delaying its plan to go public on the NYSE until 2009. [CNNMoney]

Citi Takes Wachovia, Bailout Goes to a Vote

cityfile · 09/29/08 05:22AM

♦ President Bush turned up outside the White House early this morning to urge lawmakers to pass the $700 billion bailout and a vote is expected later today. Bored today? The full text of the bailout is here. [NYT, WSJ]
♦ Citigroup has agreed to buy Wachovia in a deal brokerered by the FDIC. [Dealbook]
♦ The governments of Belgium, Luxembourg and the Netherlands have teamed up to bail out Fortis, one of Europe's largest banks. [WSJ, Bloomberg]

Street Talk

cityfile · 09/04/08 05:15AM
  • Steve Feinberg's investments in Chrysler and GMAC haven't gone as expected and now his Cerberus Capital is on the defensive. [NYT]