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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 reports that the U.S. government and Citigroup Inc. are negotiating terms of a bailout. Plans could include the government absorbing losses beyond a fixed amount on certain of the firm's assets, the establishment of a separate entity to hold some of the bank's most vulnerable assets, and a possible investment by the government in Citigroup.

The article focuses on an increase in the number of banks in Europe and the U.S., including HSBC Holdings PLC and Citigroup Inc., that are, in 2007, considering selling branches or entire banking units in an effort to make sure that their finances remain stable in 2008. The banks feel that the credit crisis of 2007 may continue in 2008 and they want to protect themselves from further financial damage.

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 reports on the resignation of Citigroup Inc.'s chief executive officer Charles Prince, which followed an announcement from the bank that it had lost between $8 billion and $11 billion related to subprime mortgages. A discussion of the bank's decision to make Sir Win Bischoff as interim chief executive and Robert Rubin as chairman is discussed. Difficulties the bank will face as a result of the mortgage related loses, and in finding a replacement for Prince, are discussed.

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 focuses on a consortium which is being led by Citigroup Inc., and its plans to oversee a $100 billion fund to buy securities owned by investment structures hobbled by the slowdown in the debt markets of the U.S. The consortium hopes that the fund will bring U.S. investors back to the asset backed commercial paper market which had been negatively effected by investors who were concerned about exposure to subprime mortgages.

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 banks around the country are flocking to Texas, drawn by the surging population and $65 billion in anticipated deposit growth in the next five years. Approximately 240 applications for new branches which have been files with federal and state regulators this year; Citigroup Inc., which jumped in to Texas retail-banking with an agreement to acquire First American Bank SSB, a subsidiary of Adam Corp.; Expansion by dozens of large and small banks, which makes the banking disaster that gripped the state in the 1980s a distant memory.

Focuses on the banking industry in the United States and the impact of Citigroup Inc.'s announced settlement of a class-action lawsuit for their involvement in the accounting scandal related to the former WorldCom Inc. Comments from Guy Moszowski, who follows banks and securities firms at Merrill Lynch & Co., suggesting Citigroup's move to raise its reserves for liability associated with Enron Corp. will put pressure on Morgan Stanley to do the same; Speculation about future investor lawsuits in the banking industry; Comments from John Coffee, a law professor at Columbia Law School, regarding the litigation environment in the U.S.

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 reports that Citigroup Inc. has agreed to buy most of the assets of Wachovia Corp. for almost $2 billion dollars. Citigroup will assume ownership of Wachovia's $320 billion portfolio of mortgage-related assets, although the U.S. government has agreed to absorb any losses that exceed $42 billion.

The article reports on a record high which was seen at the Dow Jones Industrial Average on October 1, 2007, despite reports from Citigroup Inc. and UBS AG which indicated that the two banks had received millions of dollars of losses as a result of their involvement with mortgage linked securities and would have to initiate write downs as a result.

The article reports that as worries in the financial markets drove down investor confidence in Wachovia Corp., chief executive officer (CEO) Robert Steel agreed to a $2 billion deal for Citigroup Inc. to take over the operations of Wachovia and assume its debt. The news caused investors and analysts to fear that other U.S. banks would have the same fate. Shares of regional banks plunged on September 29, 2008, including a 63.3% drop in the share value of National City 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.