Read full story
Comments Off
Archive for October 5th, 200850-billion-euro rescue package agreed for German bank: ministryPosted by UK Economy News
In UK financial news
5Oct 08 The German government, the Bundesbank central bank and market regulators agreed with the banking sector Sunday on a new 50-billion-euro rescue package for stricken bank Hypo Real Estate, the finance ministry said.
Read full story 50-billion-euro rescue package agreed for German bank: ministryPosted by UK Economy News
In UK financial news
5Oct 08 The German government, the Bundesbank central bank and market regulators agreed with the banking sector Sunday on a new 50-billion-euro rescue package for stricken bank Hypo Real Estate, the finance ministry said.
Read full story Comments Off 50-billion-euro rescue package agreed for German bank: ministryPosted by UK Economy News
In UK financial news
5Oct 08 The German government, the Bundesbank central bank and market regulators agreed with the banking sector Sunday on a new 50-billion-euro rescue package for stricken bank Hypo Real Estate, the finance ministry said.
Read full story Comments Off Citi turns to court to win battle for WachoviaPosted by UK Economy News
In UK financial news
5Oct 08 US banking giant Citigroup attempted Sunday to freeze out rival Wells Fargo from a takeover battle for troubled lender Wachovia after being blindsided last week in its bid to complete a tie-up.
Read full story Comments Off German govt to guarantee deposit accountsPosted by UK Economy News
In UK financial news
5Oct 08 The German government said on Sunday it would guarantee private bank deposits as part of its response to the banking crisis, embracing an Irish approach that has angered some European countries.
Read full story Comments Off Merkel pushes bank rescue to avert German financial crisisPosted by UK Economy News
In UK financial news
5Oct 08 Chancellor Angela Merkel said her government was scrambling Sunday to salvage a rescue plan for German bank Hypo Real Estate so "an institution's crisis does not become a crisis for the entire system".
Read full story Comments Off Citi says wins injunction to block Wachovia-Wells Fargo mergerPosted by UK Economy News
In UK financial news
5Oct 08 US banking giant Citigroup said it had obtained a court injunction to freeze a proposed merger between rivals Wachovia and Wells Fargo.
Read full story Comments Off JPMorgan blamed for Lehman collapse in court documents: reportPosted by UK Economy News
In UK financial news
5Oct 08 US bank JPMorgan Chase stands accused of precipitating the collapse of American investment bank Lehman Brothers by freezing Lehman assets days before it filed for bankruptcy protection, the Sunday Times reported.
Read full story Comments Off German bank rescue failure clouds European united frontPosted by UK Economy News
In UK financial news
5Oct 08 Germany weighed the fallout Sunday from the failure of the country's biggest financial rescue in history, after Europe's top four economic powers pledged a coordinated approach to the credit crunch.
Read full story Comments Off Europe fights financial storm as bank deal collapsesPosted by UK Economy News
In UK financial news
5Oct 08 The leaders of Europe's four main economic powers vowed to protect fragile banks in their fight against the global credit crisis as the biggest rescue in German financial history collapsed.
Read full story Comments Off |
|
Subscribe to RSS
