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Finance
Bank of America told Fed it could sell branches in emergency: source
Bank of America Corp (BAC.N) told Federal Reserve officials in June that it could shed branches in some parts of the country if it needed to raise capital in an emergency, a person familiar with the matter said.
US seeking to 'close down' Iran central bank Breitbart.com 01/12/2012 | Europe ramps up rescue fund, may turn to IMFJan Strupczewski and Valentina Za Yahoo! Finance 11/29/2011 |
 The latest round of American sanctions are aimed at shutting down Iran's central bank, a senior US official said Thursday, spelling out that intention directly for the first time. |  Euro zone ministers agreed on Tuesday to ramp up the firepower of their rescue fund but couldn't say by how much and raised the possibility of asking the IMF for more help after Italy's borrowing costs hit a euro lifetime high of nearly 8 percent. |
IMF drafting €600 billion bailout plan for Italy, SpainRobert Winnett Telegraph 11/27/2011 | Bank Of New York Mellon Backs Off From Its Plans For Deposit Fee The Huffington Post 11/26/2011 |
 The International Monetary Fund is being lined up potentially to help Italy and Spain amid growing fears that a European rescue scheme will not be able to prop up the countries. |  Bank of New York Mellon Corp, which was derided for a plan to charge some of its large corporate and investment management clients for holding their deposits, appears to have flinched. |
Moody's warns France on possible negative outlookWalter Brandimarte Reuters 10/17/2011 | IMF resources adequate: Lagarde Breitbart.com 10/17/2011 |
 Moody's warned on Monday it may slap a negative outlook on France's Aaa credit rating in the next three months if the costs for helping to bail out banks and other euro zone members stretch its budget too much. |  IMF chief Christine Lagarde said Monday the fund had adequate resources to deal with the debt crisis affecting the world economy. |
Italy, Spain Ratings Cut by Fitch; Belgium Is Put Under Review by Moody’sLorenzo Totaro and Emma Ross-Thomas Bloomberg.com 10/07/2011 | Moody’s Cuts Rating on 12 UK Financial InstitutionsAntonia van de Velde CNBC 10/07/2011 |
 Fitch Ratings downgraded Italy and Spain on concern they will struggle to improve their finances as Europe’s debt crisis intensifies, while Moody’s Investors Service put Belgium on review for a possible cut. |  Moody’s ratings agency lowered the rating of 12 U.K. financial institutions on Friday, saying it sees a decreased likelihood of government support for smaller institutions in particular but specifying the move does not reflect a deterioration in the financial strength of the banking system. |
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