British lawmakers will quiz top financial journalists on Wednesday about whether they held any responsibility in the banking crisis.
Policymakers facing mounting job losses prepared new measures to ease the pain on Monday.
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.
Morgan Stanley topped the list of major financial firms scrambling to find a buyer on Thursday amid panicked stock and money markets.
Britain’s FTSE 100 index dipped by mid-session on Monday as concerns of a looming United States recession offset gains in oil shares, HSBC and potential bid target Friend…
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…
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…
