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Britain threw its troubled banks their second multibillion-pound lifeline in three months on Monday.
Britain is set to announce its second bank rescue and the incoming US administration said it will make its funds work harder to get credit flowing.
Britain bailed out three major banks with £37-billion on Monday as governments around Europe boosted confidence in the battered industry.
Major British banks are likely to announce their plans to recapitalise early on Monday.
UK nationalised Bradford & Bingley on Monday, making the mortgage lender the second bank to be taken into public ownership this year.
UK could nationalise troubled mortgage lender Bradford & Bingley in the third rescue of a major bank this year, people familiar with the matter said.
The architects of a -billion bailout for the United States financial system urged lawmakers on Tuesday to move quickly.
Morgan Stanley topped the list of major financial firms scrambling to find a buyer on Thursday amid panicked stock and money markets.
Asian and European bank shares soared on Monday after the US government took control of mortgage finance firms Fannie Mae and Freddie Mac.
Zimbabwe’s main opposition faction is prepared to sign a power-sharing deal provided that it is given the powerful Ministry of Home Affairs.
Britain set a two-week deadline for a private-sector rescue of Northern Rock on Monday, as it confirmed plans to convert its billions of pounds of loans to the stricken bank into…
A consortium led by Richard Branson’s Virgin Group has been picked as the preferred bidder to rescue Northern Rock and plans to repay £11-billion (,6-billion) quickly to the Bank…
Northern Rock’s bosses face their toughest grilling since the British bank was engulfed in a funding crisis a month ago when lawmakers quiz them on Tuesday on their strategy and…
Thousands of customers queued to withdraw savings from embattled British bank Northern Rock on Monday and its shares plunged again, heightening pressure for a sale of the…
A consortium led by Royal Bank of Scotland (RBS) has launched a â,¬71,1-billion (,7-billion) bid for Dutch group ABN Amro, trumping Britain’s Barclays in a battle for the world’s…
British bank Barclays has agreed to buy Dutch rival ABN AMRO for just over €67-billion as it seeks to head off rivals to clinch the world’s biggest ever bank takeover. Barclays…
