Creator
Steve Slater
Second lifeline for UK’s troubled banks
Britain threw its troubled banks their second multibillion-pound lifeline in three months on Monday.
UK to unveil bank rescue, Obama to tweak bailout
Britain is set to announce its second bank rescue and the incoming US administration said it will make its funds work harder to get credit flowing.
UK bails out banks with £37bn
Britain bailed out three major banks with £37-billion on Monday as governments around Europe boosted confidence in the battered industry.
UK banks ‘set to unveil bailout plans’
Major British banks are likely to announce their plans to recapitalise early on Monday.
Britain nationalises Bradford & Bingley
UK nationalised Bradford & Bingley on Monday, making the mortgage lender the second bank to be taken into public ownership this year.
UK may nationalise B&B bank
UK could nationalise troubled mortgage lender Bradford & Bingley in the third rescue of a major bank this year, people familiar with the matter said.
Paulson, Bernanke push bailout; Lehman deal looms
The architects of a -billion bailout for the United States financial system urged lawmakers on Tuesday to move quickly.
Morgan Stanley in talks as fear grips financials
Morgan Stanley topped the list of major financial firms scrambling to find a buyer on Thursday amid panicked stock and money markets.
Asia, Europe banks surge on US housing bailout
Asian and European bank shares soared on Monday after the US government took control of mortgage finance firms Fannie Mae and Freddie Mac.
Tsvangirai seeks to control home affairs
Zimbabwe’s main opposition faction is prepared to sign a power-sharing deal provided that it is given the powerful Ministry of Home Affairs.
UK backs Northern Rock bonds, seeks rescue bids
Britain set a two-week deadline for a private-sector rescue of Northern Rock on Monday, as it confirmed plans to convert its billions of pounds of loans to the stricken bank into…
Virgin team picked for Northern Rock rescue
A consortium led by Richard Branson’s Virgin Group has been picked as the preferred bidder to rescue Northern Rock and plans to repay £11-billion (,6-billion) quickly to the Bank…
Northern Rock CEO faces grilling on strategy
Northern Rock’s bosses face their toughest grilling since the British bank was engulfed in a funding crisis a month ago when lawmakers quiz them on Tuesday on their strategy and…
Northern Rock shares plunge, customers flee
Thousands of customers queued to withdraw savings from embattled British bank Northern Rock on Monday and its shares plunged again, heightening pressure for a sale of the…
RBS consortium bids $95,7-billion for ABN Amro
A consortium led by Royal Bank of Scotland (RBS) has launched a â,¬71,1-billion (,7-billion) bid for Dutch group ABN Amro, trumping Britain’s Barclays in a battle for the world’s…