Is there life in the old chequebook yet? MPs join fight to rescue them from 2018 death
The Commons treasury select committee is reopening an inquiry designed to challenge the banks to justify the move. View full post on All Stories
Portugal raises $1.4B at high cost as rescue looms
Portugal managed to raise about euro1 billion ($1.4 billion) in a Treasury bill sale Wednesday but paid a high rate for the cash as it appears inevitable the debt-stressed country will soon need a massive bailout. View full post on All Stories
Ireland In Fresh Attempt To Rescue Banks
The Irish government has launched yet another attempt to rescue the country’s crisis-hit financial system. View full post on All Stories
6 banks pay back TARP funds
(12-29) 14:07 PST WASHINGTON, (AP) — Six banks have repurchased investments the government made under its taxpayer-funded financial rescue program, paying a total of $626 million including dividends, the Treasury… View full post on All Stories
Eurozone pressures Ireland into accepting Greek-style rescue
Euro finance ministers are set to study the knock-on effect that Ireland’s economic crisis could have on other countries, such as Portugal and Spain. On Tuesday, European Finance ministers will discuss the debt crisis in Ireland, who are resisting calls to seek a Greek-style bailout. Ministers will analyse the risk of the island’s crisis spreading [...]
Treasury puts cost of rescue effort at $29bn
The US Treasury forecast that the core of the financial rescue would cost $29bn, a fraction of initial estimates, but acknowledged it would lose ‘substantial’ money supporting the mortgage system View full post on All Stories
Soldiers rescue besieged Ecuadorian president
Gun battle to free Rafael Correa, trapped inside a hospital by police as protests over austerity measures descend into anarchy Ecuadorean soldiers stormed a hospital early today and rescued Rafael Correa from mutinous police who had besieged the president and plunged the country into anarchy. Army units blazed their way into the hospital with automatic [...]
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