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August 29, 2009 |
Huge European bank fails
CNNMoney
Dutch-Belgian bank and insurance giant Fortis NV was given a 11.2 billion euro ($16.4 billion) lifeline to avert insolvency as part of a wider bailout plan agreed to by Belgium, the Netherlands and Luxembourg, officials said Sunday. |
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October 10, 2008 |
All eyes turn to world leaders
CNNMoney
The Federal Reserve and Treasury Department haven't been able to stop the panic gripping U.S. financial markets. |
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October 10, 2008 |
G-7 Officials Say No `Harmonized' Response to Credit Crisis
Bloomberg
Finance ministers and central bankers from the Group of Seven nations signaled reluctance to adopt a coordinated effort to shore up banks, risking a deeper crisis of confidence after this week's global stocks crash. |
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October 10, 2008 |
Berlusconi says markets may be shut
Financial Post
Italian Prime Minister Silvio Berlusconi said governments may shut financial markets as the credit freeze pummels stocks and threatens a global recession. |
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October 10, 2008 |
White House says "No" to Berlusconi
Miscellaneous
White House spokesman Tony Fratto said the U.S. has no plans to close the financial markets.
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October 09, 2008 |
For states, it's a 'worst-case scenario'
CNNMoney
States and municipalities are facing their worst budget crunches in decades - and it's only going to get worse. |
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October 09, 2008 |
US debt clock runs out of digits
BBC (UK)
The US government's debts have ballooned so badly the National Debt Clock in New York has run out of digits to record the spiralling figure. |
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October 07, 2008 |
2008: Worst DJIA crash since 1937
Bloomberg
U.S. stocks fell, sending the Standard & Poor's 500 Index below 1,000 for the first time since 2003, on speculation banks and real-estate companies are running short of money as the credit crisis worsens. |
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October 07, 2008 |
"We want a new world to come out of this"
Bloomberg
The credit crunch deepened in Europe as government leaders pledged to bail out troubled banks and protect depositors. |
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October 07, 2008 |
Iceland teeters on the brink of bankruptcy
Washington Post
This volcanic island near the Arctic Circle is on the brink of becoming the first "national bankruptcy" of the global financial meltdown. |
