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| Citi to raise $20.5 billion in equity sale (AP) December 16, 2009 at 8:39 pm |
| Citigroup Inc. said Wednesday it is selling a huge chunk of its stock at a steep discount to raise the cash it needs to repay bailout funds and free itself from government support. |
| McCain backs bills that would split big banks (AP) December 16, 2009 at 6:20 pm |
| Two senators, one from each party, called Wednesday for breaking up large financial firms that perform both commercial and investment banking, adding a wrinkle to already difficult talks in the Senate on how to regulate Wall Street. |
| How America let banks off the leash (at FT.com) December 16, 2009 at 4:05 pm |
| Barack Obama came to office with members of his administration quoting the adage of Paul Romer, the economist: "A crisis is a terrible thing to waste." But it has wasted the financial crisis. | | |
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