EFSF Plans EUR3 Billion 10-Year Bond

The European Financial Stability Facility, or EFSF, has planned to issue three billion euros ($3.7 billion) of 10-year bonds, one of the banks running the deal said Tuesday.

Moody's downgrade of Bank of America, Citigroup gives edge to safe-haven banks

LONDON/NEW YORK: Major ratings downgrades by Moody's will further divide the world's biggest banks based on their strength and access to cheap customer deposits.