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Iceland's Straumur says cancels Landsbanki deal - International Herald Tribune
STOCKHOLM : Iceland's Straumur-Burdaras said on Friday it was cancelling a planned purchase of the majority Landsbanki's overseas corporate finance and brokerage business for 380 million euros (306.8 million pounds). The Icelandic investment bank ...
Read more...Europeans scramble to save failing banks with bailouts - Houston Chronicle
STOCKHOLM, Sweden — Germany became the latest country to move to allay fears about the financial meltdown, enhancing a rescue plan for Hypo Real Estate AG and guaranteeing private bank accounts as European governments scrambled on their own Sunday ...
Read more...PRESS DIGEST - New York Times business news - Oct 7 - Reuters
Oct 7 (Reuters) - The following were the top stories in the New York Times business pages on Tuesday. Reuters has not verified these stories and does not vouch for their accuracy. * As pressure built in the credit markets and stocks spiraled lower ...
Read more...Europeans scramble to save failing banks - International Herald Tribune
STOCKHOLM, Sweden : Governments across Europe scrambled to save failing banks on Sunday, working largely on their own a day after leaders of the continent's four biggest economies called for tighter regulation and coordinated response to the global ...
Read more...European nations scramble to save banks after economic summit promises ... - Los Angeles Times
STOCKHOLM, Sweden (AP) _ Germany became the newest European country to allay fears about the financial meltdown, guaranteeing private bank accounts as governments scrambled on their own to save failing banks. Chancellor Angela Merkel said that no ...
Read more...More European nations scramble to ensure deposits as markets slide ... - Los Angeles Times
STOCKHOLM, Sweden (AP) _ Nordic countries Denmark and Sweden moved Monday to bolster protection of bank accounts as stock exchanges across Europe opened lower and central banks pumped more money to cash-starved banks. In Copenhagen, the Economy ...
Read more...German government and private banks reach new $69 billion deal to bail ... - Baltimore Sun
BERLIN (AP) _ The German Finance Ministry says government officials and private banks have agreed to a new 50 billion euro ($69 billion) deal to bail out Hypo Real Estate AG. A ministry statement says the deal will add up to 15 billion euros ($21 ...
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