US Treasury provides a Sample Investment Under the Legacy Loans Program

The head of the National Australia Bank has defended the decision to cut its dividends and promised that there will be zero job cuts.

According to the Federal Deposit Insurance Corporation (FDIC), a record number of banks for calendar a month, have failed in the United States in February.

Armeconombank is the first Bank in Armenia, the shares of which have been listed at B stand of “NASDAQ OMX ARMENIA” since 2002.

Richard Parsons, Chairman of the Board, Citi (NYSE: C), today issued the following statement.

Citi to Exchange Preferred Securities for Common, Increasing Tangible Common Equity to as Much as $81 Billion.

U.S. Treasury is taking a huge step in controlling up to 36 percent of Citigroup shifting preferred shares to common stock and thus strengthening bank's capital base.

Commercial banks and savings institutions insured by the Federal Deposit Insurance Corporation (FDIC) reported a net loss of $26.2 billion in the fourth quarter of 2008, a decline of $27.8 billion from the $575 million that the industry earned in the fourth quarter of 2007 and the first quarterly loss since 1990.

Citigroup and Bank of America are fearful of bank nationalization. According to CNN Money, both banks have nationalization concerns and are seeing negative returns in the stock market, "...shares of Citigroup and Bank of America [are] down to 52-week lows. Shares of Citigroup recently recovered were down 20% at $2.01, while Bank of America shares have fallen 10% to $3.52."

The irony of the UK government being forced to nationalize at least some of its banks will not be lost on a news-weary public. This is the same government that prided itself on setting up the 'independent' Monetary Policy Committee, overseen by the Bank of England.

Alan Greenspan, the former Federal Reserve chairman told the Financial Times that the U.S. government may have to temporarily nationalize some banks in order to ensure credit flow, restore the confidence and fix the financial system. More republicans are favoring the U.S. bank nationalization.

The chief executives of eight leading U.S. banks are facing tough questioning from lawmakers about how they have spent emergency funding from the government. The CEO's from Bank of America, JP Morgan Chase and Co, Citigroup, State Street, Bank of New York, Wells Fargo, Morgan Stanley and Goldman Sachs shared testifying before the House of Representatives Financial Services Committee Wednesday to defending their spending practices.