Yahoo! News: Business Updated : Sun, 12 Oct 2008 03:40:48 GMT
Britain to launch 60.5 billion dollar banking rescue: paper (Reuters) Reuters - Britain will launch its biggest retail bank rescue on Monday when the four largest, HBOS, Royal Bank of Scotland, Lloyds TSB and Barclays, ask for a combined 35 billion pound ($60.5 billion) lifeline, the Sunday Times reported. Publ.Date: Sun, 12 Oct 2008 03:40:48 GMT Source: Yahoo.com
Finance leaders endorse G7 plan to calm markets (Reuters) Reuters - Finance leaders from the International Monetary Fund's 185 member countries on Saturday endorsed a plan by major economies to chart a course out of the credit crisis, hoping the broader support will calm markets. Publ.Date: Sun, 12 Oct 2008 00:24:25 GMT Source: Yahoo.com
Money-market funds flock to guarantee program (AP) AP - Nearly all the $3.4 trillion in money-market mutual funds is expected to be federally guaranteed for at least the next three months, now that all the major fund providers signed up to participate by a deadline that passed Wednesday. Publ.Date: Fri, 10 Oct 2008 11:12:31 GMT Source: Yahoo.com