Saturday, September 25, 2010

Citigroup hikes pay for top honchos

Citigroup hikes pay for top honchos


Citigroup hikes pay for top honchos

Posted: 25 Sep 2010 07:27 AM PDT

Citigroup, still partly owned by the government after a rescue during the financial meltdown, is giving raises to top executives that could amount to millions of dollars.

Wall Street hits four-month high

Posted: 25 Sep 2010 12:37 AM PDT

US stock markets reached their highest level in four months on Friday as mixed economic data offered traders a glimmer of hope that the US economy was strengthening.

IMF approves $213 million loan for Sri Lanka

Posted: 25 Sep 2010 12:39 AM PDT

The International Monetary Fund on Friday agreed to release around 213 million dollars to Sri Lanka designed to top up the island's dwindling foreign reserves.

Citigroup hikes pay for Vikram Pandit & top honchos

Posted: 25 Sep 2010 07:27 AM PDT

Citigroup, still partly owned by the government after a rescue during the financial meltdown, is giving raises to top executives that could amount to millions of dollars.

China lets banks sell loans to each other

Posted: 25 Sep 2010 07:18 AM PDT

China has begun allowing banks to sell loans to each other, in a move designed to reduce financial risks and help banks meet stricter capital requirements, the central bank said on Saturday.

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