Corporate Finance

Overnight Commercial Paper Rates Rise as Bank Bailouts Spread

It's now corporates' turn.

By Alan Goldstein and John Detrixhe

Oct. 6 (Bloomberg) -- Corporate short-term borrowing rates soared as bank bailouts spread through Europe and the Federal Reserve committed to doubling its auctions of cash to banks to as much as $900 billion to unfreeze short-term lending.

Lehman Cash Crunch Caused by Lender JPMorgan, Creditors Say

By Linda Sandler and Jeff St.Onge

Oct. 4 (Bloomberg) -- Lehman Brothers Holdings Inc.'s main lender and clearing agent, JPMorgan Chase & Co., caused the liquidity crisis that led to Lehman's collapse, creditors said.

Citic in talks to buy Bear stake

Citic in talks to buy Bear stake - China's Citic Bank is in talks to take a stake in Bear Stearns, a senior Communist party official has revealed [Financial Times - Financial Services]

China 'will be most active M&A player'

China 'will be most active M&A player' - Chinese companies are set to be Asia's most acquisitive in the US or Europe next year, according to a survey of the region's dealmakers [Financial Times - Asia Pacific]

KDB fund to aid S Korea's global growth

KDB fund to aid S Korea's global growth - Korea Development Bank, the state lender, is about to launch a $1bn private equity fund to help South Korean companies expand overseas, the latest in a series of government initiatives aimed at encouraging local business to go global [Financial Times - Asia Pacific]

What did I say then?

Toward a United States of Europe (1 year 7 weeks ago):

French Finance Minister Christine Lagarde tells the Journal it will take much s...

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