Banks, Credit Card Issuers Lend Help to Haiti

Citigroup, which has been doing business in Haiti since 1971 and has a three-story building in Port-au-Prince that reportedly suffered extensive damage, sent a search-and-rescue team to look for its people. Meanwhile, it donated supplies, such as satellite phones, to the overall effort. Citigroup also said it was donating $2 million to Haiti-relief charities, including $250,000 to the Red Cross, and that it is starting a separate fund for employees.

Manhattan-based investment bank Jefferies Group earmarked a day's worth of trading commissions Friday for Haiti relief, raising approximately $5 million. Jefferies donated an additional $1 million.

ABC News' Charles Herman contributed to this report.

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