This is what's in the news for Thursday, March 17th. the Wall Street Journal reports that a U.S. investigation of banks' possible manipulation of the London Interbank Offered Rate, or Libor, is focused in part on three institutions: Bank of America (BAC), Citigroup (C), and UBS (UBS)...Reuters reports that Toshiba (TOSYY) said an assembly line in Japan making small liquid crystal displays would be closed for a month following the earthquake, Hitachi (HIT) also said production of small LCDs will be halted at its factory near Tokyo… Bloomberg reports that The Treasury Department said more than 99% of bank disbursements from the Troubled Asset Relief Program have been recovered. About $244B of the $245B in total funds paid to banks has been repaid.
From FNNO.com, this is the Financial News Network. I’m Cleo
Stiller-Farrell and this is your Midweek Market Wrap Up. The British
Bankers’ Association, which has the supervisory role of setting the
influential Libor rates, announced that it would be willing to give up
its...