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[Reuters]: UK bails out banks with $64 billion as Europe actsBritain bailed out three major banks with 37 billion pounds ($64 billion) on Monday as governments around Europe used taxpayers' money to take control and boost confidence in the battered industry. ... |
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$lumping the sharkBenny the Loan Shark has something in common with banks - he's made loans to subprime borrowers in danger of defaulting. But he's not likely to get taxpayer money to buy his nonperforming assets, so the low-level street lender is thinking of a... ... |
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Forex Trading - Safest Investment During Economic CrisisEconomic crisis is chocking the market with its strong grip all over the world. The markets are full of uncertainty, banks are unwilling to “defreeze” credits and people panic about their savings. When equities markets turned to risky investments for both financial institutions and in... |
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Banks slash fixed rate home loansDemand for fixed-rate home loans has plunged to a seven-year low, prompting two major banks to slash rates on fixed mortgage products. ... |
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Britain's Barclays bank to raise 6.5 billion pounds alone, others seek helpLONDON (AFP) - Barclays, one of Britain's leading banks, said Monday it planned to raise more than 6.5 billion pounds (8.19 billion euros, 11.13 billion dollars) from investors, turning down the offer of government help. ... |
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Bold Pledges From Leaders, but Investors Await DetailsEurope’s decision to guarantee lending between banks has thrown the spotlight back to the United States, where officials are said to be studying the feasibility of doing likewise. ... |
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