United Kingdom | Wednesday, 15 October 2008

Bank Articles

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1. Recession fears as Asia joins bailout bonanza
Recession fears returned to centre stage on Wednesday after trillions of dollars pledged for bank bailouts from Europe to Asia helped allay fears of an imminent financial meltdown.
15 Oct 2008
2. Banks seen pressing lift on dividends ban
Some banks are urging the government to lift a ban on dividend payments imposed as part of its 37 billion pound bail-out of the crisis-hit sector, The Financial Times reported on Wednesday.
15 Oct 2008
3. Bailout to take big stakes in RBS and HBOS
The government waded in with 37 billion pounds of taxpayers' cash to bail out three major banks on Monday, in a move that could make it their main shareholder.
14 Oct 2008
4. Nikkei leaps as U.S. to outline bank bailout
The U.S. Treasury is ready to inject $250 billion into U.S. banks, mirroring moves by other leading countries that have boosted confidence in financial markets and sent the Nikkei soaring 13 percent on Tuesday.
14 Oct 2008
5. Euro and sterling jump on bank support plans
The euro jumped broadly on Monday after European governments said they would work together to repair the banking sector, while sterling rose after the government announced more details of its bank bailout plan.
13 Oct 2008
6. Bank say no limit to dollar swap line with Fed
The Bank of England said on Monday there would now be no upper limit to its swap line with the Federal Reserve for providing dollars liquidity to the market.
13 Oct 2008
7. Iceland looks to sue UK over Kaupthing
The Icelandic government has appointed lawyers to look at suing the British government over comments made about a UK subsidiary of Kaupthing Bank, a day before it collapsed, a media report said on Sunday.
13 Oct 2008
8. World holds its breath as bailouts take shape
The world readied on Monday for a slew of bank bailouts worth hundreds of billions of dollars in an effort to staunch the credit rout that threatens to tip the global economy into recession.
13 Oct 2008
9. Banks set to unveil bailout plans
Major banks are likely to announce their plans to recapitalise early on Monday, a person familiar with the matter said, a move which could see Prime Minister Gordon Brown's government take multi-billion pound stakes in several lenders.
13 Oct 2008
10. Row over Iceland bank deposits
A diplomatic row has broken out between Iceland and Britain over how to deal with hundreds of millions of pounds of British deposits trapped in collapsed Icelandic banks.
13 Oct 2008
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