International Business News - STD http://www.ibtimes.com All articles are copyrighted by IBTimes.com 400 100 http://www.ibtimes.com/ http://www.ibtimes.com/images/top_logo_ibt2_3.gif Spain may be in the economic doldrums, but tightly controlled policies by its central bank are shielding its financial institutions from the Wall Street turmoil that is spreading to other countries, the finance minister said Tuesday. http://www.ibtimes.com/articles/20080930/spain-says-rigorous-central-bank-offsetting-crisis.htm Tue, 30 Sep 2008 10:57:10 EDT European leaders urged the United States to quickly revive its defeated bank bailout proposal and stabilize the global financial system, as governments across the continent Tuesday shored up their own banks against the virulent spread of the crisis. http://www.ibtimes.com/articles/20080930/europe-urges-swift-us-action-on-financial-crisis.htm Tue, 30 Sep 2008 10:25:56 EDT Citigroup agreed Monday to buy Wachovia's banking operations for $2.1 billion in a deal arranged by federal regulators, making the Charlotte, N.C.-based bank the latest casualty of the widening global financial crisis. http://www.ibtimes.com/data/articleimgs/141855-bailout-ceo-pay.jpg http://www.ibtimes.com/articles/20080929/citigroup-to-buy-wachovia-banking-operations.htm http://www.ibtimes.com/articles/20080929/citigroup-to-buy-wachovia-banking-operations.htm Mon, 29 Sep 2008 20:25:52 EDT Wells Fargo & Co. and Citigroup Inc. were reportedly in advanced talks this weekend competing to buy struggling bank Wachovia Corp. The Wall Street Journal reported that Wells Fargo appeared to be the preferred bidder, citing unnamed sources close to the situation, and also listed Spain's Banco Santander SA as a possible suitor. http://www.ibtimes.com/articles/20080929/ahead-of-the-bell-wachovia-reportedly-in-talks.htm Mon, 29 Sep 2008 07:53:35 EDT The government's seizure and sale of Washington Mutual Inc. eases pressure on a federal fund that insures Americans' bank deposits and places a high-stakes opportunity--with minimal risk--into the hands of JPMorgan Chase & Co. Inc. http://www.ibtimes.com/articles/20080926/in-wamu-takeover-jpmorgan-takes-calculated-risk.htm Fri, 26 Sep 2008 16:58:46 EDT As the debate over a $700 billion bank bailout rages on in Washington, one of the nation's largest banks--Washington Mutual Inc.--has collapsed under the weight of its enormous bad bets on the mortgage market. http://www.ibtimes.com/data/articleimgs/139418-jpmorgan-washington-mutual.jpg http://www.ibtimes.com/articles/20080926/jpmorgan-chase-buys-wamu-assets-after-fdic-seizure.htm http://www.ibtimes.com/articles/20080926/jpmorgan-chase-buys-wamu-assets-after-fdic-seizure.htm Fri, 26 Sep 2008 16:00:23 EDT JPMorgan Chase & Co. Inc. came to the rescue of Washington Mutual Inc. Thursday, buying the thrift's banking assets after WaMu was seized by the Federal Deposit Insurance Corp. in the largest failure ever of a U.S. bank. This is the second time in six months that JPMorgan Chase has taken over a major financial institution crippled by bad bets in the mortgage market. http://www.ibtimes.com/articles/20080925/wamu-under-the-lens-of-regulators-suitors.htm Thu, 25 Sep 2008 23:39:19 EDT Shareholders of British mortgage lender Alliance & Leicester on Tuesday approved a 1.3 billion pound ($2.35 billion) takeover offer from Spain's Banco Santander. http://www.ibtimes.com/articles/20080916/uks-alliance-leicester-oks-takeover.htm Tue, 16 Sep 2008 11:49:14 EDT General Electric Co. said Monday it completed a definitive agreement to exchange European banking assets with Banco Santander SA. As part of the deal, GE's commercial finance unit will take over control of Interbanca, an Italian commercial bank Santander acquired as part of a consortium that recently purchased ABN Amro. http://www.ibtimes.com/articles/20080602/ge-banco-santander-reach-european-asset-deal.htm Mon, 02 Jun 2008 07:20:16 EDT GE Money and Commercial Finance, a unit of General Electric Co., on Thursday agreed to exchange certain European banking assets with Banco Santander SA. http://www.ibtimes.com/articles/20080327/ge-and-santander-exchange-businesses.htm Thu, 27 Mar 2008 07:30:39 EDT U.S. shares of European banks fell Friday, with UBS AG sliding to a three-year low as concerns about UBS' subprime mortgage exposure pressured the stock. http://www.ibtimes.com/articles/20080215/adrs-in-focus-european-banks.htm Fri, 15 Feb 2008 16:51:37 EST