Morgan Stanley and Mitsubishi UFJ continued to negotiate their $9 billion pact Sunday, as both sides pushed to keep the general terms of the deal intact.
Banco Santander is in talks to acquire full control of Sovereign Bancorp, a large thrift-holding company hobbled by souring loans, for about $2.53 billion.
The U.K. government was finalizing plans Sunday night to take control of RBS by purchasing a big stake in the banking giant while injecting at least $20.1 billion into it.
The euro zone's biggest economies prepared to unveil plans to spend tens of billions of euros in state funds to prop up their banking systems as leaders agreed on a menu of measures to cope with the growing financial crisis.
The U.S. and Iraq are close to agreeing on a final draft of a security agreement that includes a compromise on legal jurisdiction over American soldiers, people familiar with the talks said.
The U.S. Federal Reserve has put in place a number of temporary facilities to inject liquidity into the financial system, which will have to be unwound at some point, Federal Reserve Bank of Dallas President Richard Fisher said.
The United Arab Emirates said it will guarantee deposits and savings in local banks amid rising concern over the country's economy amid the global economic turmoil.
North Korea said it would resume tearing apart its Yongbyon nuclear complex, a day after the U.S. announced it was removing Pyongyang from a terrorism blacklist.
North Korea has agreed to all U.S. nuclear inspection demands. The development allowed the Bush administration to remove the country from a terrorism blacklist.
Regulators seized two small banks in Michigan and Illinois, raising the number of failures this year to 15 and providing a reminder of how institutions around the country are struggling to survive.
Ford Motor named Lewis Booth to succeed finance chief Don Leclair, who is retiring after 32 years at the auto maker. Both Ford and General Motors dismissed the idea of seeking bankruptcy protection.
Alaska Gov. Palin broke state ethics law by trying to remove her former brother in law from his job as a state trooper, a legislative report said. But she didn't unlawfully fire her public-safety commissioner.
GM has recently been in talks with Cerberus about buying Chrysler in exchange for its remaining stake in GMAC. The upheaval in financial markets has rendered the talks inactive, but if markets stabilize, they could be renewed.
