Sept. 29 (Bloomberg) — Citigroup Inc., the biggest U.S. bank by assets, will pay about $2.16 billion for banking operations of Wachovia Corp. after shares of the North Carolina lender collapsed under the weight of overdue mortgages.
While regulators said the Charlotte-based bank hadn’t failed, Wachovia will lose its biggest unit and investors will get only [...]

WASHINGTON – Sept. 24, 2008 – The FBI is investigating four major U.S. financial institutions whose collapse helped trigger a $700 billion bailout plan by the Bush administration, The Associated Press has learned.
Two law enforcement officials said Tuesday the FBI is looking at potential fraud by mortgage finance giants Fannie Mae and Freddie Mac, and [...]

The London rental market is already beginning to feel the impact of the Lehman Brothers collapse as tenants give notice to leave rental properties.
Cluttons, a network of estate agents covering property sales and lettings across London, has already had a number of tenants based in the Belgravia and Wapping areas give notice on their rental [...]