Darling plans ‘big steps’ to aid UK banks
The chancellor is considering a dramatic taxpayer-funded recapitalisation of Britain’s banks, amid signs of cross-party and central bank support for an effective part-nationalisation of the sector
The chancellor is considering a dramatic taxpayer-funded recapitalisation of Britain’s banks, amid signs of cross-party and central bank support for an effective part-nationalisation of the sector
Germany said it would guarantee all private German bank accounts – currently worth €568bn – in a dramatic move to prevent panic withdrawals as fears over the worldwide financial crisis spread to Europe’s largest economy
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Angela Merkel, Germany’s chancellor, pledged to protect the country’s financial system after Hypo Real Estate, the property lender, revealed the collapse of a previous rescue plan
Citigroup Inc said it won a court order blocking Wells Fargo & Co. from buying hobbled U.S. bank Wachovia Corp until the court rules otherwise
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