
ITALY MOVED to inject liquidity into its financial system yesterday, offering to guarantee new bank bonds, help banks seek refinancing and provide as much cash as necessary for their recapitalisation.

Citigroup Inc. may need to raise as much as $10 billion to meet the government’s increased capital standards for banks outlined in its stress tests, according to a report.
Capital One Financial Corp. reported a $176.1 million first-quarter loss Tuesday, citing escalating credit losses and setting aside more money for bad loans.
American International Group has completed a preferred stock sale to the government as part of a previously announced plan to receive additional financial support, according to a regulatory filing.
General Electric Co. expects its struggling finance unit to be profitable in the first quarter of 2009 and for the full year.
Trading firm Knight Capital Group Inc. said Friday trading volume increased in February both in terms of average trades executed and the dollar value of those trades.
Capital One Financial says it will slash its dividend 87 percent to help preserve capital.
Bank of America Corp. Chief Financial Officer Joe Price assured employees Friday the company has enough cash to finance operations for more than two years.
Anadarko Petroleum Corp., one of the nation’s largest independent exploration and production companies, said Wednesday it will cut 2009 capital spending but boost sales volumes for the year.
Capital One Financial says it swung to a $1.45 billion loss in the fourth quarter as the bank set aside $2.1 billion for loan losses amid rising credit card delinquencies and took an $811 million impairment charge connected to its struggling auto finance
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