Treasury Secretary Timothy F. Geithner has signaled to White House officials that he’s considering leaving the administration after President Barack Obama reaches an agreement with Congress to raise the national debt limit, according to three people familiar with the matter.
BusinessWeek.com — Finance
KBC Groep NV, Belgium’s biggest bank and insurer by market value, is seeking offers of about 2.5 billion euros ($ 3.6 billion) for its stake in Poland’s Kredyt Bank SA and insurance unit Warta SA, two people with knowledge of the matter said.
BusinessWeek.com — Finance
Credit Suisse Group AG, the second- biggest Swiss bank, plans to cut more than 40 managing directors and directors at its investment bank in Europe, two people familiar with the plans said.
BusinessWeek.com — Finance
Global banking regulators are turning their attention to how firms measure the riskiness of their assets amid criticism firms’ calculations are inconsistent
BusinessWeek.com — Finance
Morgan Stanley, the firm targeting a 2 percent market-share gain in fixed-income trading this year, was burned by a wager on U.S. inflation expectations in the second quarter, three people informed of the dealings said.
BusinessWeek.com — Finance
German banks and insurers will use a French proposal as a blueprint for discussion when they meet with finance ministry officials in Berlin tomorrow to seek an agreement on their role in a Greek rescue, two people with knowledge of the matter said.
BusinessWeek.com — Finance
French banks including BNP Paribas SA have told the French government they are willing to partly roll over maturing Greek government bonds in a bid to avoid a default by the debt-laden nation, three people familiar with the plan said.
BusinessWeek.com — Finance
Measures proposed by Greek Finance Minister Evangelos Venizelos to complete a 78 billion-euro ($ 111 billion) austerity package required to win a bailout were endorsed by officials from the European Union and International Monetary Fund, said a person familiar with the matter.
BusinessWeek.com — Finance
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