S | M | T | W | T | F | S |
---|---|---|---|---|---|---|
« Oct | ||||||
1 | 2 | 3 | 4 | 5 | 6 | 7 |
8 | 9 | 10 | 11 | 12 | 13 | 14 |
15 | 16 | 17 | 18 | 19 | 20 | 21 |
22 | 23 | 24 | 25 | 26 | 27 | 28 |
29 | 30 | 31 |
NEW YORK - The nation’s three largest banks said Monday they are teaming up to create a rescue fund of sorts - potentially as large as $100 billion - to help bail out troubled global credit markets. Citigroup Inc., Bank of America Corp. and JPMorgan Chase & Co., at the prodding of the Treasury Department, will buy distressed debt from markets roiled during the summer’s financial crisis. The joint effort is the result of more than a month of talks mediated by the government. More…