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FDIC to back more debtWASHINGTON -- Federal regulators will guarantee as much as $1.4 trillion in U.S. banks' debt in a bid to get the distressed financial system pumping again. They also took steps Friday to make it easier for private investors to buy banks seized by the government. ... |
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Three banks in California, Georgia failThree more banks - two in California and one in Georgia - failed Friday, bringing to 22 the number of institutions forced to close in the wake of the financial crisis. ... |
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Flooding on the Nzoia RiverLike many rivers across the world, the Nzoia River in western Kenya pushes over its banks annually. In November 2008, the river burst through the dykes to flood the low-lying land around it. ... |
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Private investors get OK to bail out banksRead full story for latest details. ... |
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The bail-outs and nationalisations are failing - as predictedWe tried to warn you. We said that the bail-out would fail. We pointed out that nationalisation never worked. We predicted that the seizure of the banks would be accompanied by heavy-handed state intervention in their procedures. Sure enoug... ... |
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Darling Has Banks In His SightsAlistair Darling has become "exasperated" at the banks' apparent unwillingness to help small businesses and families, Sky News understands. ... |
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