Financial news on January 18, 2009

Business and Financial news
Bailout Is a Windfall to Banks, if Not to Borrowers

Most banks that received bailout money are using it to pay down debt or to make investments, not lending. Read more..

By MIKE McINTIRE - The New York Times

Indian Executive Is Said to Have Siphoned Cash

The founder of Satyam is said to have skimmed huge amounts of cash from the company, rather than padding its books as he has claimed. Read more..

By HEATHER TIMMONS - The New York Times

See what else happened on January 18, 2009