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of articles tagged as JP-Morgan
Citigroup buys Wachovia banking operations
Tuesday, September 30, 2008 www.mid-day.com
(
Business
)
NEW YORK: In the latest byproduct of the widening global financial crisis, Citigroup Inc will acquire the banking operations of Wachovia Corp in a deal facilitated by the Federal Deposit Insurance Corp (FDIC).
Citigroup will absorb up to $42 billion of losses from Wachovia's $312 billion loan portfolio, with the FDIC covering any remaining losses, the government agency said yesterday.
The deal
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NEW-YORK
Citigroup
FDIC
Wachovia
JP-Morgan
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Comments | Submitted by : sharekhan
JP Morgan plans trade & logistics foray in India
Wednesday, June 06, 2007 www.dnaindia.com
(
Finance
)
Investment bank JP Morgan plans to enter the domestic trade and logistics management vertical this year by setting up a new division. It would primarily focus on tapping the steel, auto, electronic and chemical industries.
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Investment-Bank
JP-Morgan
Logistics
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