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WASHINGTON (AP) -- The Federal Reserve has granted approval for Japan's largest bank to purchase a stake in U.S. investment giant Morgan Stanley. The Fed issued an order Monday saying it had approved the request of Mitsubishi...
WASHINGTON (Reuters) - The Federal Reserve on Tuesday said it would begin buying the short-term debt many companies use to fund their day-to-day operations, its latest emergency move to try to restore credit flows and protect...
Sandra Guy: Nearly 11,000 Illinoisans with Countrywide mortgages -- most of them in the Chicago area -- are expected to get help to avoid foreclosure after Countrywide's new owner, Bank of America, agreed to an $8.7 billion...
HONG KONG - With Asian stocks sliding again Tuesday, Australian monetary authorities stepped in and gave the markets a burst of energy with a surprisingly large interest rate cut that investors hoped would be the first in a...
Breaking News 4:54pm UK, Tuesday October 07, 2008 The major UK banks have suffered a dire day in the markets after reports they were in discussion with the Government over a multi-billion pound public funding deal. RBS shares...
Global race to solve credit crisis Australia and Japan sought Tuesday to shield their economies from the fallout of the global financial crisis, with the Australian central bank sharply reducing interest rates and the Bank of...
WASHINGTON -- The government's rescue of American International Group Inc. last month is getting a critical eye from lawmakers examining the chain of events that forced a $700 billion bailout of the financial industry.
Breaking News 4:40pm UK, Tuesday October 07, 2008 For the first time since the credit crunch began, British banking customers with savings in troubled banks may need to apply to get their money back. Icesave, the UK online...
