Germany rejects ‘bad’ bank plan
Angela Merkel, Germany’s chancellor, is pushing for an industry-led solution that would see banks set up their own “bad” banks to hold toxic assets. These would be issued with state guarantees
Angela Merkel, Germany’s chancellor, is pushing for an industry-led solution that would see banks set up their own “bad” banks to hold toxic assets. These would be issued with state guarantees
As a bruising session draws to a close, there is still no clear end to the market’s woes, and no one knows what will happen next. Yet our players see reasons for hope.
Billions are being spent to prop up banks, but the so-called ripple effect won’t save drowning US families — especially the 65,000 workers about to be set adrift by Citigroup.
Honda posted a 63% drop in quarterly operating profit and lowered its annual profit forecasts for a fourth time this year as a stubborn slide in global car sales forced it to make further production cuts
Unless you have been living in a cave in some far off land the past decade, you are at least somewhat aware that election law has become a major issue in many instances across the country
Home foreclosures and market volatility are running high. So any investment even remotely connected to mortgages is the last place to look if you’re trying to protect your retirement savings, right?
The Anglo-Swiss miner faced an investor backlash over its plans to structure a £4.1bn rights issue in a way that heavily favoured its biggest shareholder, Glencore
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