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Henry Paulson, the US Treasury Secretary, moved to follow Britain’s leads yesterday by nailing down a plan for the US Government to buy shares in banks. Mr Paulson convened an emergency meeting of senior American bankers in...
President Bush is today expected to unveil firm plans to use $250 billion worth of US taxpayer funds to seize stakes in nine of America$’s biggest banks as part of a move to stabilize the US banking system.
Chief executives of America's biggest financial institutions are accustomed to frequenting the marbled corridors and storied rooms of the Treasury Department, yet few of their meetings there could carry the historic weight of...
