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U.S. Said to Invest in Citigroup, Goldman, Bank America, JPMorgan, Wells. The Bush administration will announce a plan to rescue frozen credit markets that includes spending about half of a total of $250 billion for preferred shares of nine major banks, people briefed on the matter..
AIG spent thousands on hunting trip. A handful of top executives from American International Group Inc. spent thousands of dollars during a recent English hunting trip, even as the New York-based insurer asked for an additional $37.8 billion loan..
Sen. Boxer Urges More Help From Mortgage Servicers. Sen. Barbara Boxer on Friday pressed for action from 21 banks and lenders that an advocacy group has accused of insufficient support for at-risk homeowners in California.
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