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US banks keep markets on high alert

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  • US banks keep markets on high alert

    Shares staged a recovery in Europe and Asia today but world markets remain in a state of high anxiety after Monday's meltdown. By Fiona Walsh

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  • #2
    Rogue Trader Jerome Kerviel Freed By Court In Paris

    A Paris court has ordered the release of 'rogue trader' Jerome Kerviel while investigators probe the multi-billion pound scandal at the Societe Generale bank.

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    • #3
      New Bank of Japan boss risks veto

      The Japanese government's latest nominee to be governor of the Bank of Japan may be vetoed by the opposition.

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      • #4
        SocGen Rogue Trader Jerome Kerviel Freed By Court In Paris

        A Paris court has ordered the release of Jerome Kerviel, the trader accused of causing record losses at French bank Societe Generale.

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        • #5
          Markets braced for fresh turmoil as global bank crisis hits British homebuyers

          The worldwide financial crisis is hitting homebuyers in Britain, figures reveal today. Investors were braced for another day of market turmoil this morning as experts warned that world economies face their biggest challenge since the Second World War. Today the U.S Federal Reserve was deciding whether to implement a one per cent cut to US base rates

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          • #6
            Rogue trader to be freed today

            A Paris court has said that Jérôme Kerviel, the trader accused by his bank Société Générale of being responsible for its record €4.9bn trading loss, can be released from custody pending further investigation. By Alasdair Sandford

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            • #7
              Cost Of Living Rockets After Big Increases In Energy Bills

              The annual rate of inflation has shot up 0.3% to 2.5% after huge increases in gas and electricity prices.

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              • #8
                Dollar closes lower

                THE Australian dollar closed lower today on reduced expectations that Reserve Bank will raise interest rates again in coming months.

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                • #9
                  Markets rally as global bank crisis hits British homebuyers

                  The worldwide financial crisis is hitting homebuyers in Britain, figures reveal today. Investors were braced for another day of market turmoil this morning as experts warned that world economies face their biggest challenge since the Second World War. Today the U.S Federal Reserve was deciding whether to implement a one per cent cut to US base rates

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                  • #10
                    Northern Rock to cut 2,000 jobs

                    Bank will shrink in size by at least half as it reverts to more traditional model of banking

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                    • #11
                      Northern Rock nightmare becomes reality for third of staff

                      A third of Northern Rock's staff are likely to lose their jobs as part of the bank's plan to downs...

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                      • #12
                        Markets rally as global bank crisis hits British homebuyers

                        The worldwide financial crisis is hitting homebuyers in Britain, figures reveal today. As the FTSE rebounded with a 90 point surge this morning it emerged that first-time buyers are being told to find 25 per cent deposits to secure the best mortgage rates. As global markets reeled investment banks Goldman Sachs announced that the credit crunch had lost it £1bn in the last three months alone

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                        • #13
                          US bank profits more than halved

                          Lehman Brothers and Goldman Sachs say their profits more than halved in the first three months of 2008.

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                          • #14
                            Northern Rock to cut 2000 jobs

                            BRITAIN'S ailing Northern Rock bank will cut more than 2000 jobs, or about a third of its workforce, by the year 2011, the lender said today, one month after it was taken into public ownership.

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                            • #15
                              Global turmoil follows Bear Stearns collapse

                              The global markets were hit hard following the news that the fifth largest US bank, Bear Stearns, ...

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