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The article discusses significant volumes of debt held by U.S. banks that matures over the next few years. Before a global financial crisis emerged in 2007 many banks including Citigroup Inc. and Bank of America Corp. took advantage of low borrowing costs to increase their debt levels. Moody's Investors Service estimates $10 trillion in bank debt will come due before the start of 2016. Some of the debt may have to be refinanced at much higher rates of interest.

The article focuses on pressure that a rescue plan for investment funds called structured investment vehicles, which was initiated by Citigroup Inc., Bank of America Corp. and J.P. Morgan Chase & Co., is under in November of 2007. The plan is under pressure because Moody's Investors said the funds were liquidating assets to meet their financial commitments

The article focuses on accounting concerns which have been raised for Citigroup Inc. as a result of its involvement in an $80 billion rescue fund for the U.S. credit market. Citigroup, J.P. Morgan Chase & Co. and Bank of America Corp have created the fund which will use structured investment vehicles (SIVs), and several accounting firms have questioned whether Citigroup and the other banks need to account for the SIVs on their own balance sheets.

The article reports on a decision from Wachovia Corp. to become involved in an $80 billion investment fund being developed by Citigroup Inc., J. P. Morgan Chase & Co. and Bank of America Corp., The pool has been developed to acquire mortgage assets and help financially struggling credit markets in the U.S.

The article reports on the determination of bankers to accelerate the creation of a rescue plan for struggling investment funds. Bankers from Citigroup Inc., Bank of America Corp. and J.P. Morgan Chase & Co. are cooperating to create a superfund. Officials of the U.S. Department of Treasury remain optimistic in the completion of a superfund. The creation of the superfund faces several challenges.

Reports on the hefty charges announced by Citigroup Inc. and Bank of America Corp. for the fourth quarter of 2002.

The article reports on an insurance plan being devised by Great Britain to place a limit on bank losses. Authorities are deciding how to set a price and terms for the insurance which will attract banks and not burden taxpayers. According to the article, a successful insurance plan will assure investors about the size of loan losses and will prevent banks from asking for additional capital. British government authorities are studying an insurance plan U.S. officials established for Citigroup Inc. and Bank of America Corp.

The article focuses on the plan of Bank of America Corp., Citigroup Inc. and J.P. Morgan Chase & Co. to ease the tight credit market situation and start soliciting other financial institutions for contribution to the Superfund in the U.S. The move is aimed at making funds available to structured investment vehicles who have been troubled by the credit crunch. Although some banks have signified informal interest to join, the real measure of their commitment will rest on the financial terms of the financial arrangement.

The article focuses on the U.S. $100 billion fund developed by bankers from Citigroup Inc., J.P. Morgan Chase & Co. and Bank of America, aimed at helping structured investment vehicles that have encountered problems due to lack of liquidity. The superfund was initiated by the U.S. Department of Treasury in September 2007. Some of the hurdles facing the launching of the superfund include the approval it is awaiting from the corporate management of the banks and the approval from the credit rating providers.

Reports on the deal made between Marsh & McLennan Cos. and its creditors to waive clauses that would have allowed them to cut off financing. Avoidance of a cash shortage; Charges made against the company by New York Attorney General Eliot Spitzer alleging that they engaged in bid-rigging; Banks that fund the company, including J.P. Morgan Chase & Co., Citigroup Inc., and Bank of America Corp; Reasons why the company needs the waiver; Meetings between outside directors and Spitzer to discuss the charges.