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Britain to launch 60.5 billion dollar banking rescue: paper (Reuters)

11-10-2008 23:40

Pedestrians walk past a Barclays bank logo in central London, October 7, 2008. (Stephen Hird/Reuters)Reuters - Britain will launch its biggest retail bank rescue on Monday when the four largest, HBOS, Royal Bank of Scotland, Lloyds TSB and Barclays, ask for a combined 35 billion pound ($60.5 billion) lifeline, the Sunday Times reported.

Britain to launch 35 billion pound banking rescue: paper (Reuters)

11-10-2008 22:31

Pedestrians walk past a Barclays bank logo in central London, October 7, 2008. (Stephen Hird/Reuters)Reuters - Britain will launch its biggest retail bank rescue on Monday when the four largest, HBOS, Royal Bank of Scotland, Lloyds TSB and Barclays, ask for a combined 35 billion pound ($60.5 billion) lifeline, the Sunday Times reported.

IMF warns of meltdown; France says Europe to act (Reuters)

11-10-2008 21:55

International Monetary Fund Managing Director Dominique Strauss-Kahn (R) talks to U.S. Federal Reserve Chairman Ben Bernanke before the International Monetary and Financial Committee meeting during the annual IMF-World Bank meeting in Washington October 11, 2008. Japan's Finance Minister Shoichi Nakagawa is on the left. (Yuri Gripas/Reuters)Reuters - The IMF warned on Saturday the world's financial system was near meltdown and France promised that a meeting of European leaders in Paris will detail measures to keep a market panic from triggering the most severe global downturn in decades.

Britain to launch rescue of top 4 banks: paper (Reuters)

11-10-2008 21:51

Pedestrians walk past a Barclays bank logo in central London, October 7, 2008. (Stephen Hird/Reuters)Reuters - Britain will launch its biggest retail bank rescue on Monday when the four largest, HBOS, Royal Bank of Scotland, Lloyds TSB and Barclays, ask for a 35 billion sterling ($60.5 billion) lifeline, the Sunday Times reported.

Finance leaders endorse G7 plan to calm markets (Reuters)

11-10-2008 20:24

International Monetary Fund Managing Director Dominique Strauss-Kahn speaks at a news conference of the annual IMF-World Bank meeting in Washington October 11, 2008. (Yuri Gripas/Reuters)Reuters - Finance leaders from the International Monetary Fund's 185 member countries on Saturday endorsed a plan by major economies to chart a course out of the credit crisis, hoping the broader support will calm markets.

Wealth funds, recipients adopt investing principles (Reuters)

11-10-2008 19:27

Reuters - Government-owned wealth funds and the countries that accept their investments agreed on Saturday to a set of principles aimed at ensuring that both sides play by the rules.

Finance chiefs endorse G7 action plan: IMF panel (Reuters)

11-10-2008 18:11

International Monetary Fund Managing Director Dominique Strauss-Kahn speaks at a news conference of the annual IMF-World Bank meeting in Washington October 11, 2008. (Yuri Gripas/Reuters)Reuters - Finance leaders from the International Monetary Fund's 185 member countries on Saturday endorsed a plan announced by major economies to chart a course out of the credit crisis.

Chrysler, GM have merger talks: sources (Reuters)

11-10-2008 17:36

A new Chrysler sign is seen after the DaimlerChrysler sign was removed from the front of the Chrysler headquarters in Auburn Hills, Michigan in this August 4, 2007 file photo. (Rebecca Cook/Files/Reuters)Reuters - Chrysler LLC has had talks with General Motors Corp about a deal to combine the No. 1 and No. 3 American automakers at a time when both are struggling to cut costs and shore up cash, according to three people familiar with the matter.

IMF warns of financial meltdown (Reuters)

11-10-2008 17:08

Egypt's Finance Minister and International Monetary and Financial Committee (IMFC) Chairman Youssef Bourtos-Ghali (2nd R), International Monetary Fund (IMF) Managing Director Dominique Strauss-Kahn (C), IMF's First Deputy Managing Director John Lipsky (2nd L) and IMF Secretary Shailendra Anjaria (R) attend the meeting of the IMFC at IMF Headquarters in Washington October 11, 2008. (Stephen Jaffe/IMF/Handout/Reuters)Reuters - The IMF warned on Saturday that the global financial system was on the brink of meltdown, while France and Germany pushed ahead with a pan-European crisis response to try to prevent the worst global downturn in decades.

AIG's gallows humor gives bankers a laugh (Reuters)

11-10-2008 16:52

The logo of American International Group (AIG) is seen at their offices in New York September 18, 2008. (Eric Thayer/Reuters)Reuters - Insurance giant American International Group , on the receiving end of a multi-billion dollar bailout from the Federal Reserve, was trying hard on Saturday to look on the bright side of life.

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