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The Bush administration summoned executives from leading financial firms to a meeting today to work out details of the $700 billion plan aimed at thawing frozen bank lending that is stifling the economy.
BERLIN -- Germany says its financial sector rescue package foresees up to 400 billion euros ($536.7 billion) in guarantees for banks and as much as 80 billion euros ($107.3 billion) for recapitalization.
German chancellor Angela Merkel announces a rescue package for the country's banking system. Photograph: Herbert Knosowski/AP Chancellor Angela Merkel has announced a huge rescue package worth up to €500bn (£391bn) to inject...
The German government announced a 500 billion euro (£393 bn) bail-out package for its banks as the country's chancellor, Angela Merkel, said "drastic action" was needed to shore up the financial system. By Michael Levitin in...
Banking crisis could lead to conflict, instability and nationalism, says Lib Dem leader Nick Clegg: '9/11 was a security crisis, with security implications. Photograph: Steve Parsons/PA Wire Nick Clegg today warned of an "an...
Global Banking Problems Videos The Government says it has agreed to bail out RBS, HBOS and Lloyds TSB to the tune of £37bn. The announcement came as the Government prepared to put its £500bn financial rescue package for...
Financial crisis: World round-up World leaders have taken unprecedented action to stem the current crisis hitting the global economy. Vaudine England Hong Kong is hunkering down, knowing that the financial meltdown can't...
