LONDON/BRUSSELS (Reuters) - European countries pledged billions more euros to support ailing banks and aid bank stocks on Wednesday, but the threat of nationalisation or forced state help hit Barclays and Belgium’s KBC.
Banks are still in big trouble, the job market is worsening and Wall Street is a minefield for investors. Yet one of our players has managed a double-digit gain since August.
The UK enters recession for the first time since the 1990s, after the economy shrank by 1.5% in the last quarter of 2008.
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Britain’s economy declined rapidly at the end of last year, official figures showed, as gross domestic product contracted by 1.5 per cent in the fourth quarter
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