Business Update: Banks still hurting

A report Bank of America is looking for more money from government TARP funds and concerns ahead of Citigroup earnings served as reminders credit losses may deepen as the recession gathers momentum. Apple stock fell 5 percent after CEO Steve Jobs announced a medical leave of absence. The day's economic data showed unemployment lines on the rise, while producer prices fell. Conway Gittens reports from New York.

Reuters | January 15, 2009

Tags:. .gittens. .conway. .tarp. .deepen. .steve jobs