FIs plan $ 104 mn bail-out for Essar Steel
The heads of financial institutions who are meeting here on Thursday are likely to consider a $ 104 million (around Rs 455 crore) loan package for the beleagured Essar Steel.



NASD to sell off Nasdaq equity
The National Association of Securities Dealers (NASD) on Thursday may move forward with a plan to raise $1 billion by selling off most of its crown jewel, the Nasdaq stock market, through a historic private placement.



Japanese prosecutors indict Credit Suisse
In the strongest action ever against a foreign financial firm doing business in Japan, Tokyo prosecutors said on Wednesday they had indicted the London headquarters of Credit Suisse Financial Products for violation of the nation's banking laws.



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