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Banking Crisis

It is the greatest economic crisis in almost 80 years. As global banking giants fall like dominos, national economies are hurtling toward recession. In a desperate bid to stem the tide, Governments on either side of the Atlantic have stepped in with hundreds of billions in taxpayer's money.
 Latest News
  FSA chief resigns amid HBOS scandal Brown to attack banker bonuses
  RBS to axe 2,300 jobs Banking chiefs grilled in Parliament
  BoE to start printing money Barclays dogged by capital worries
  More than £17.5bn wiped off banks £300bn banking bailout
  HBOS in £3.2bn write-down Madoff scandal hits global banks
  RBS shares collapse on £28bn loss Britannia and Co-op to merge
  Bank of America in $138bn bailout Banking news: The complete roundup
 Your Money: How the crisis affects you
  Will the bailout help you?
  Tax Cuts: How much could you save?
  Five ways to protect your savings
  Interest Rate cut - Explained
  First payments made to Icesave customers
  Bradford & Bingley - What you need to know
Analysis and Comment
  Breaking the bank A license to print money
  The darkest hour before the dawn? Time to take a punt on a bank
  The banking sector's steady shrinkage Why Anglo-Irish is in safe hands
  Analysts: bailout will deepen crisis
  How to spot a bust bank
  Letting Lehman collapse was the right move
Interest Rates
  Interest rates cut to record low  
  Interest rates slashed to 2%  
  Bank chief admits policy failure  
  BoE voted 8 to 1 to reduce rates  
  Pound hits record low vs. Euro  
  Will the banks pass on rate cuts?  
  Can 0% rates be too low?  
 A to W: Falling Giants
  Lehman Brothers files for bankruptcy Worries over Citi Group mount
  Fed extends AIG bailout to $150bn Commerzbank partially nationalised
  Bank of America buys Merrill Lynch Germany to nationalise biggest bank
  MUFG to raise $10bn after buying Morgan stake
  Washington Mutual collapses
  Citi aborts Wachovia takeover talks
  $700bn dollar Bailout - The final bill
 The Crunch Effect
  Beer sales fall to decade low in third quarter
  Sterling battered by banking crisis
  French bank loses 600m Euros in 'incident'
  Bankers should get ASBOS, says Trade Union
  UK falls behind Namibia in banking stability survey
  Credit crunch to put 20m out of work
  British Entrepreneur loses a billion in a day
Results Roundup
  UBS posts £11.2bn loss Barclays posts healthy profits
  Credit Suisse in massive loss Citi group posts $18.72bn loss
  Deutsche Bank in 4.8bn euro loss European banks' profits collapse
  HBSC takes $4.3bn subprime hit JP Morgan profits slide 84 per cent
  Goldman reports $2.12bn loss Merrill Lynch posts $9.25bn loss
  UBS warns of tough Q4 Wells Fargo profits fall a quarter
  HBOS takes £5.2bn hit Fortis posts Q3 loss of 135m Euros
  Commerzbank posts massive losses Wachovia reports $23.7bn loss
  Abbey posts bumper profits Soc Gen profits down 80 per cent
 Bailout by bailout
  Belarus gets IMF prop UK Govt takes £37bn stake in banks
  IMF agrees on Iceland loan Paris pours 10bn Euros into banks
  Hungary gets 12bn Euro loan Swiss government bails out banks
  IMF bails out Ukraine Dutch inject 10bn Euros into ING
  Pakistan gets IMF loan Fed in $540bn money market prop
  UK Bailout - Explained Germany in 480bn Euro bailout
Other business
  UK jobless approaches 2 million Senate approves trillion stimulus plan
  Oil falls to $40 a barrel Obama introduces salary cap
  Bank approaches 1980s levels vs Dollar Eurozone slips into recession
  World leaders agree action plan to battle crisis  
  TIMELINE - Two months of chaos  
  TIMELINE - A year of financial turmoil  

 

 

Recession
  Just how deep is the trough?
Banking Crisis
 

Are the banks out of the woods?
Stock Market Crash
  Explaining the global market turmoil
Money saving Tips
 

How to beat the credit crunch
Isn't Finance Funny?
 

Scandals and silliness

 FINANCE POLL
Q. After two of the World's largest banks declare a return to profit, is it safe to say the banking crisis over?
Yes - all the skeletons are out of the closet
Probably - Investor confidence is starting to return
It's impossible to tell at this stage
No - this is a desperate ploy to boost credibility
No - the damage is deep, and lasting

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 Useful links
 

External sites
The Bank of England
Financial Services Compensation Scheme
Financial Services Authority
Financial Ombudsman Service

 

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