IPO Reporter

SYDNEY (Reuters) - The U.S. government is weighing guaranteeing billions of dollars in bank debt and temporarily insuring al U.S. bank deposits, in a bid to unfreeze bank lending and staunch massive losses in equity markets, The Wall Street Journal reported on Friday.
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HONG KONG (Reuters) - Asian stocks plunged on Friday, with Japan's Nikkei down more than 10 percent, while the yen and U.S. Treasury debt prices rose, as panic set in after global efforts so far failed to unlock credit markets.
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TOKYO (Reuters) - The global economic crisis claimed its first Japanese financial institution on Friday and the government looked to prop up smaller banks, as Tokyo shares flirted with their biggest one-day fall since the 1987 market crash.
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(Reuters) - American International Group Inc has so far borrowed $70.3 billion under a U.S. government bailout loan even as regulators keep a close eye on how the insurer is using those funds, The Wall Street Journal said.
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NEW YORK (Reuters) - A worsening job market and financial market turmoil slammed U.S. consumer spending in September, despite falling gasoline and food prices, according to a private report released on Friday.
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HONG KONG/NEW YORK (Reuters) - Fearful selling clenched Asian markets on Friday after U.S. stocks plunged, heaping pressure on economic powers to halt a global spiral of financial distress and slowing growth.
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NEW YORK (Reuters) - Prudential Financial Inc is the latest major insurer to warn its quarterly profits would miss forecasts, as the shares of rivals were pummeled on concern they would need to raise capital.
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Sallie Mae affirms outlook, warns of "train wreck"

He said Sallie Mae was working with Congress and the Bush administration "to make solutions for lending viable ... The effort has been very pleasantly bipartisan to this point."
Bank company's IPO cruises through market turmoil (AP)

Home Bancorp Inc.'s initial public stock offering on Oct. 2 -- ironically the day Congress approved a $700 billion bailout of financial institutions -- surprisingly yielded more buyers than there were shares to sell.