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China raises capital requirement for top five banks: report

BEIJING (Reuters) - China has increased capital requirements for its five biggest banks above the minimum 11.5 percent mark to guard against risks in the banking sector, Bloomberg reported on Tuesday. Full story

Cerberus, Centerbrige eyeing Citi consumer unit: report

NEW YORK (Reuters) - Cerberus Capital Management LP <CBS.UL> and Centerbridge Capital Partners are among the bidders for Citigroup Inc's <C.N> U.S. consumer-lending unit, Bloomberg News reported on Thursday, citing three people with knowledge of the matter. Full story

Branson seeks Virgin Atlantic partner: report

NEW YORK (Reuters) - Virgin Atlantic <VA.UL> needs a partner to remain competitive, founder Richard Branson told Bloomberg in an interview published on Wednesday. Full story

Capital One interested in buying ING's U.S. online bank: report

BANGALORE (Reuters) - Capital One Financial <COF.N> is among firms that have expressed interest in buying ING Direct USA, the online banking arm of Dutch financial services firm ING Groep NV <ING.AS>, Bloomberg said, citing two people with knowledge of the matter. Full story

PIMCO raises $1.5 billion to target bank assets: report

BANGALORE (Reuters) - Pacific Investment Management Co (PIMCO), the manager of world's largest bond fund, has raised more than $1.5 billion for a new fund to buy assets from banks looking to strengthen their balance sheets, Bloomberg said, citing two people with knowledge of the fundraising. Full story

Supreme Court allows Fed bailout records release

The Supreme Court let stand a ruling that the U.S. Federal Reserve must disclose details about its emergency lending programs to banks during the financial crisis in 2008. Full story

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Group hits selection of HP board members: report

GM, Chrysler bonuses may reach 50 percent of pay: report

Gore investment firm to start Asian fund: report

SEC probing official in Citigroup settlement: report

U.S. to be allowed to probe Lehman UK auditors: report

Top lenders set for foreclosure settlement: report

Air France flight attendant arrested after thefts

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  Dec. 29: Nightly News Wednesday broadcast

Another storm slams West Coast; Bloomberg takes blame for blizzard meltdown; Putin scolds Moscow airport officials; Mystery surrounds death at Busch heir's home; Real-life Von Trapp daughter dies; Jazz legend Billy Taylor dies; Manatees seek refuge from frigid waters