Fight over Wachovia intensifies

Credit crunch hits US bank profit
Profits at the US banks JP Morgan Chase and Wells Fargo drop sharply - but beat Wall Street's fears.

Citigroup to buy US bank Wachovia
Wachovia, the fourth-largest US bank, is being bought by larger rival Citigroup in a rescue deal backed by US authorities.

Lloyds TSB unveils HBOS takeover
Lloyds TSB releases details of its £12bn takeover of HBOS, a deal that will create a new UK banking giant.

HP to cut workforce by 24,600
Hewlett-Packard, the world's largest computer company, says it plans to cut 24,600 jobs following its takeover of EDS.

Australian banks' historic deal
Australian bank St George agrees a takeover by Westpac Banking, the biggest banking acquisition in the country's history.