Rule fuel

A senior Treasury Department official said a controversial provision that could force banks to spin off their derivatives port folio was not part of the “core” changes White House officials wanted in the financial over haul.

AIG divide

Federal Reserve offi cials are increasingly confident that American International Group Inc.will repay what it owes the central bank, but their Treasury Depart ment counterparts face more uncertainty.

Treasury $ale

The Treasury Depart ment raised $6.2 billion from the sale of 1.5 bil lion Citigroup shares it received as part of the government’s bailout.

Stake sale

Quadrangle Group, the private-equity firm co-founded by Steven Rattner, is exploring a sale of a minority stake, a person familiar with the matter said.

Gaultier goes

French handbag icon Hermes said designer Jean-Paul Gaultier is leav ing the company after seven years supervising its women’s ready-to- wear division.