Citigroup's

Citibank Group was once the largest bank in the US and now it is in vast financial trouble. They are asking the government to bail them out of their trouble. The government has agreed and intends to invest 20 billion dollars in the company. The good thing about this is that the government will have control over executive bonuses and limits on dividend payments. This deal is the latest in several bail outs the governments has attempted lately.

JP Morgan Chase

Since the start of the year, JP Morgan Chase has bought out two huge US Financial Firms. Their most recent takeover includes Washington Mutual Bank. Washington Mutual is a 119 year old company. JPMorgan Chase agreed to buy them out for 1.9 billion dollars, creating the largest banking institution in the United States. It will include over 900 billion customers. This is known as the biggest banking failure in US history known to date.