New York - Urgent moves were afoot Friday to sell embattled Lehman Brothers Holdings Inc, the fourth-biggest US investment bank which this week reported record losses, US media reports said.
Lehman was reported to be urgently shopping around for a possible takeover, while there were reports that the government had agreed to subsidize any takeover of the bank, one of many still reeling from the ongoing credit crisis in the United States.
The bank posted its largest-ever quarterly loss of 3.9 billion dollars on Wednesday. Lehman's own shares tumbled more than 40 per cent in Thursday's trading.
fly-by-night operators. These operators are offering fraudulent offers to the people through e-mails, posts and couriers. The all also engaged in providing fictitious offers of winnings in lottery and money in the stock market. The bank has received number of complaints from various organizations, schools, exchange entities and individuals.
The cheque collection charges are likely to fall following the announcement of the apex bank. The charges on electronic remittances through the ‘Real Time Gross Settlement System’ and the ‘National Electronic Fund Transfer mechanisms’ are also likely to be slashed.
Manila - The Asian Development Bank (ADB) said Saturday it was providing its first-ever public sector loan worth 40 million dollars to help Georgia rehabilitate services and infrastructure damaged in the recent conflict with Russia.
Berlin - Deutsche Bank is to pay up to 2.7 billion euros (3.8 billion dollars) for a stake of almost 30 per cent in Deutsche Postbank, valuing it at some 9 billion euros, according to reports in Friday's German press.
