SAN FRANCISCO—-The Federal Home Loan Bank of San Francisco announced March 31, 2009, that the 11th District Monthly Weighted Average Cost of Funds Index for February 2009 is 2.003%.

Source:Federal Home Loan Bank of San Francisco Releases February 2009 Cost of Funds Index (Business Wire via Yahoo! Finance)

31 March 2009 National carrier Gulf Air Gulf Air has signed a loan facility of US$75 million with Standard Chartered Bank Standard Chartered Bank . An agreement to this effect was concluded between the two organizations recently.

Source:Gulf Air signs up US$75million loan arrangement with Standard Chartered Bank (Zawya)

Citigroup has named Joseph Sauvage and Nick Mckee to co-head the firm’s North American power and utilities banking team, replacing Kirk Andrews, who left Citi last week to run Deutsche Bank ’s power group in New York.

Source:Citi Names Banking Heads for U.S. Power Industry (New York Times)

World stock markets slid Monday amid renewed fears about the fate of the U.S. auto industry and the global banking sector as well as mounting

Source:World stock markets slide amid new auto, banking fears, pessimism on upcoming G-20 summit (Canadian Business)