An ode to odious Fred the Shred

FormerRoyal Bank of Scotland boss stripped of his knighthood after its collapse under his stewardship.

Europe rescues more banks as US rejects bailout

Bank rescues spread in Europe on Tuesday and some investors expressed faith that the US Congress would eventually pass a $700-billion bailout plan.

Obama urges bailout Bill's passage, offers plan

US presidential candidate Barack Obama urged lawmakers on Tuesday to return to the negotiating table to work on a financial rescue deal.

No one immune to global crisis, says Microsoft CEO

Microsoft chief executive Steve Ballmer said on Tuesday no company was immune to the global financial crisis.

Banks supply cash to keep money markets alive

The central banks of Japan and Australia hosed more cash at their banks to persuade them to resume lending to each other after bank failures.

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