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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 that many major banks in the U.S. are looking for growth by buying other banks. Rise in the stock prices of banks, which have low-cost capital available and are experiencing a slow-down in internal growth prospects; Outlook of chief executive officer (CEO) Sanford Weill of Citigroup Inc. for retail-banking acquisitions; Consideration by CEO William Harrison of an acquisition to expand J.P. Morgan Chase & Co.'s consumer banking business; Consolidation in the U.S. banking industry, which has been occurring for almost a decade; Question of whether bankers have learned from their mistakes during the last round of mergers and acquisitions.

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.