ECB raises euro zone lending rate
Jul 3 - The European Central Bank raises interest rates for the first time in over a year by 25...
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IndyMac customers line up for cash
Jul 15 - Bank customers at a branch of failed IndyMac in Pasadena, California, wait in line to...
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Bank worries hit US consumers
Jul. 15 - After the collapse and reopening of IndyMac under federal control, consumers are facing...
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Zimbabwe prints $100 billion note
Jul 22 - Zimbabwe grappling with a record high inflation introduces a new $100 billion dollar...
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Asia stocks mixed despite oil dip
July 28 - A profit warning by Australia's third-largest bank ANZ casts a pall over Asian stocks,...
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Economic jitters weigh on Asia
Growing economic pessimism weighed on Asian investor confidence Friday, but market players looked...
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UBS splits banking business
Europe's biggest loser in the credit crunch, Swiss bank UBS, is to separate its wealth management...
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UK inflation woes
UK consumers face rising inflation that analysts warn is increasingly likely to put upward...
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Asia fears economic slowdown
Asia stocks fell sharply on Tuesday with investors worried about further signs of a global credit...
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Bank failure stuns Wall St.
Worries about the U.S. banking sector resurfaced after federal regulators were forced to take...
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Number of US troubled banks growing
117 American banks are on an updated regulatory watch list as the credit crisis shows no sign of...
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Oil stays strong on Gustav threat
Oil prices jumped as high as $119 on Wednesday with predictions Gustav will deliver a powerful blow...
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Global poverty ranks swell
The World Bank said 1.4 billion people lived under the poverty line as it lifted the benchmark to...
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Commerzbank to cut 9000 jobs
Commerzbank plans to slash around 9000 jobs and cut around 2 billion euros in costs after buying...
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Lehman revives bank-fueled angst
The health of America's financial system was once again called into question as worries grow...
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EU sees low growth, high inflation
European Commission revises key economic forecasts but Central Bank President Jean-Claude Trichet...
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More trouble seen at Lehman
A new strategy for ailing U.S. investment bank Lehman Bros. did little to pacify growing concerns...
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BofA quiet on Lehman buy speculation
Bank of America declined to comment on speculation it was in talks to buy investment bank Lehman...
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End of an era for Merrill
After billions of dollars in credit-related losses Merrill Lynch marks the end of an era with a...
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Lehman bankruptcy rocks Asia
Lehman Brothers' bankruptcy sent shock waves across Asia Tuesday, as much of the region came back...
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Bank worries spread; stocks plunge
The government's bailout of American International Group was not enough to stop speculation on...
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Morgan holds on amid turmoil
Morgan Stanley has survived another day but continues to explore its options, including a...
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Skeptics question bailout plan
U.S. stocks fell nearly 4 percent on Monday on jitters about the historic $700 billion bank...
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Stocks rally as lawmakers near deal
Stocks strengthened throughout the first half of the trading day as lawmakers look likely to...
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Stocks rally as bailout advances
Wall Street took its cue from Washington and as lawmakers suggested the $700 billion bank bailout...
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European shares fall on U.S. news
European shares fall in early trade, led by financials, after U.S. talks over the $700 billion...
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BOJ cheers U.S. bailout
A top Bank of Japan official expressed hope Monday a $700 billion U.S. government bailout fund...
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Hypo's deal to avoid finance squeeze
German lender Hypo Real Estate secures 35 billion euros in credit guarantees from the German...
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Europe's bank rescue
Benelux governments part nationalise Fortis, the UK nationalises Bradford & Bingley ahead of...
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Citigroup scoops up Wachovia
The sixth largest bank falls victim to the credit crisis, and Citigroup takes over.
Citi is...
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UK Consumer confidence in turmoil
Consumer confidence in Britain is at historically low levels as falling house prices and market...
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Stocks rebound with eyes on Congress
Wall Street followed its worst day in over 20 years with the biggest one-day percentage gain for...
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McCain, Obama urge bailout action
White House hopefuls Barack Obama and John McCain are urging skeptical Americans to back a $700...
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Deutsche chief calls for Europe plan
Germany's Deutsche Bank chief executive Josef Ackermann says Europe "should be prepared to...
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Wall St. slides ahead of Senate vote
Credit markets showed little sign of movement of Wednesday - as the U.S. Senate prepared to vote...
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Record drop for UK house prices
Investors speculate the figures increase the chance of an interest rate cut by the Bank of...
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Leaders call for European unity
European leaders call for a united front in tackling the financial crisis as divisions...
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Bailout passes
The U.S. House of Representatives passed a revamped $700 billion financial bailout bill Friday...
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Confusion over deposit guarantee
As more European banks follow Germany's lead and guarantee savers' deposits, Germany says it made...
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Dow touches 5-year low
Worries the government's $700 bank bailout will not be enough to prevent a recession in the U.S....
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Iceland battles economic crisis
Iceland takes over its second largest bank and props up its battered currency, the crown, in the...
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IMF: "the cusp of global recession"
IMF Managing Director Dominique Strauss-Kahn said the global economy is on the brink, but if...
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Iceland govt takes last bank
Iceland has seized control of its biggest bank Kaupthing, as it grapples to control the financial...
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Cash injection for US banks?
In an effort to jumpstart lending, the U.S. Treasury is considering giving money to U.S. banks in...
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Cold comfort for Icelanders
Angry Icelanders have staged a protest outside the central bank in Reykjavik over the way the...
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Australia guarantees deposits
Australia's Prime Minister announces plans for the government to guarantee bank deposits for the...
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Morgan stock soars on deal
Shares of Morgan Stanley soared 87 percent after it inked a deal with Japan's Mitsubishi...
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Trichet Exclusive
European Central Bank President Jean-Claude Trichet told Reuters that recent government measures...
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Wealth managers shifting gears
The credit crisis and volatile stock market are taking a toll on the relationship between wealthy...
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Germany moves to approve bailout
Germany's Bundestag lower house of parliament approves a 500 billion euro bank rescue package with...
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Bernanke talks of second stimulus
U.S. Federal Reserve Chairman Ben Bernanke told Congress on Monday that another wave of government...
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Bank taps German state rescue funds
Bavaria's public sector bank BayernLB prepares to ask for funds from the German government's bank...
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Markets cheered by banks lending
As European banks line up for government rescue money there are signs institutions are regaining...
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Bernanke backs new stimulus
Fed Chairman Bernanke gave his blessing for another stimulus package, telling Congress another...
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The cost of bank bailouts
As governments around the world offer banks a helping hand, other lenders look further afield for...
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Wachovia's record $23.9 loss
Wachovia has the distinction of posting the biggest quarterly loss for a banking company during...
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Lehman fallout hits Japan's elderly
The collapse of U.S. investment bank Lehman Brothers caused anguish in a small Japanese...
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Iceland boosts interest rate
Iceland's central bank says interest rate hike is part of IMF deal.
* Iceland hikes interest...
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Asian stocks mixed
Japan's benchmark Nikkei jumped on hopes the Bank of Japan would follow the Federal Reserve to...
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Japan tech firms in talks:Sources
Consumer electronics giant Panasonic is in talks with major shareholders of Sanyo Electric to buy...
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Gloom offsets UK rate slash
Wall Street followed European stocks sharply lower early Thursday as investors fear rate cuts may...
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Interview-Trichet on ECB rate cut
The head of the European Central Bank talks to Reuters about Thursday's 50 basis point rate cut...
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China spends near $600 bln
The world's fourth largest economy, China, plans to spend nearly $600 billion to boost demand in...
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G20 agrees on financial action
In Brazil, finance ministers and central bank governors representing 90 percent of the world's...
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Aid package for AIG grows to $150B
The U.S. Federal Reserve announced a revised aid package to help the insurance giant at twice the...
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Bank crisis boosts social lending
Peer-to-peer lending gets new interest as banks keep a tight rein on credit.
Thanks to the...
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Paulson on defense
Treasury Secretary Paulson defended his response to the financial crisis and said the government...
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