Sept. 14 (Bloomberg) -- A group of banks is negotiating a fund to lend to troubled financial firms after a sell-off last week engulfed companies from Lehman Brothers Holdings Inc.

The credit crisis triggered by bad home loans is spreading to other areas, forcing banks to tighten credit and probably extending the credit crisis that's dragging down the economy well into next year, and perhaps beyond.

Some major private sector banks, such as Deutsche Bank, Yes Bank, Kotak Mahindra Bank, Standard Chartered Bank, and financial institution Industrial Finance Corporation of India (IFCI) are in the race to buy the Rs 500-crore standard loan assets and inves

Amid the wreckage of the U.S. financial system, a new consensus is taking shape. Old Wall Street is dead. And the new era of finance will be one of much greater regulation and much less risk. The masters of the universe, as author Tom Wolfe dubbed the tit

Banks and investment firms ramped up borrowing from the Federal Reserve's emergency lending facility over the past week, more proof of the credit stresses plaguing the country.