Industry Group Signs Letter of Intent to Establish Global Central Counterparty Clearing for Credit Default Swaps (PR Newswire via Yahoo! Finance)
A group of leading credit derivative market participants today announced they have joined forces to support a joint global clearing solution for Credit Default Swaps . Signatories to the letter of intent include The Clearing Corporation, Markit Group, Risk Metrics, and IntercontinentalExchange, Inc. through its subsidiaries, including ICE US Trust, a New York limited Trust Company , Creditex ...

Credit crunch affects local business (WTNH-TV New Haven)
(WTNH, Oct. 7, 2008 5:10 PM) -- Local businesses are keeping a close eye on Wall Street. Some are hoping help from the state will keep them from becoming a victim of the credit crunch.

Business (The West Australian)
Group of Seven finance chiefs have announced a plan of action to fight the global crisis including the use of "all available tools" to support key institutions and prevent their failure.

Citibank OKed to start business in rural China (China Daily)
BEIJING -- Citibank China on Tuesday said it had obtained regulatory approval to establish two lending companies in the country's rural areas, making it the first foreign bank to start such a business domestically.

Citi obtains approval to open two lending companies in China (Banking Business Review)
Citibank China has received approval from the China Banking Regulatory Commission Hubei branch to establish two new lending companies.