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Interview-soros Urges Us Government Stake In banks - Forbes
new york (reuters) - investor george soros said wednesday the the u.s. treasury's original $700 billion bailout plan would have done little to address the credit crisis, suggesting instead the government take a direct stake in financial firms. global ...
www.forbes.com

banks Want To Suspend Accounting Rule In Bailout
congress has embraced an idea to help prop up the financial system: give banks a break by letting them value their bad mortgage assets at a price they could fetch later, not now.
news.yahoo.com

A Two-pronged Push To Aid Ailing banks
two federal agencies moved yesterday to ease the financial pressure on banks even as congress continued to debate the wisdom of a broader intervention.
www.washingtonpost.com

National City Leads banks On Bid Speculation, Bailout (update1) - Bloomberg
oct. 1 (bloomberg) -- national city corp. , ohio's biggest bank, rose the most since at least july 1980 in new york trading on takeover speculation and prospects that the u.s. senate will pass a $700 billion bank-rescue package. national city surged ...
www.bloomberg.com

Central banks Powerless To ‘tackle Credit Crunch’ - Gulf Times
washington: central banks around the world have been struggling without success to break the grip of a global credit crunch that is choking off the lifeblood of economic activity, analysts say. because of a fragile commercial banking system, the ...
www.gulf-times.com

Tsunami That Crushed U.s. banks Has Reached Europe
on the face of it, the capital position of european banks looks reasonably sound - but that has not provided much protection.
www.iht.com

Ecb Offers banks More Short-term Funds
the european central bank on wednesday offered another 50 billion dollars (35 billion euros) to commercial banks in one-day funds as it tried to keep the cash flowing in troubled money markets.
news.yahoo.com

Congress Working Today On Adjusting Plan - Detroit Free Press
washington -- congress will take another run tonight at moving forward on a $700-billion rescue plan for the nation's ailing credit markets, as lawmakers agreed to increase the federal insurance on bank deposits and opponents unleashed a new round of ...
www.freep.com

Sec Loosens Requirements For banks To Report Investment Values - Hispanicbusiness.com
washington/new york (dpa) - in an effort to relieve pressure on the banking industry's hard-pressed bottom line, the securities and exchange commission (sec) has relaxed reporting requirements for the value of investment assets on the books of ...
www.hispanicbusiness.com

Italy's Top Two banks Battered By Global Crisis
italy's leading banks on wednesday felt the shockwaves from the world financial crisis sweeping over europe as their share prices took a battering.
news.yahoo.com

Small banks Score A Coup By Lobbying
an obscure proposal to increase federal insurance on bank deposits won the support of the bush administration, both presidential candidates and republican and democratic lawmakers on tuesday, in a major lobbying coup for community banks, the new york times’s edmund l. andrews reported.
dealbook.blogs.nytimes.com

Stocks End Relatively Calm Day With Modest Loss - Forbes
the financial markets saw some relative calm wednesday as investors uneasily awaited a senate vote on the banking bailout plan, with wall street falling only moderately and the credit markets still showing signs of strain. the dow jones industrials ...
www.forbes.com

Ftse 100 Closes Higher On banks - In The News
find free brochures on a variety of financial topics using our brochure finder, including brochures on savings , property and insurance . the ftse 100 closed higher for a second day and was up by 1.17 per cent to 4,959.59. hbos shares rebounded ...
www.inthenews.co.uk

Lehman Staffers Clog banks’ Hiring Pipelines
wall street banks are seeing a glut of resumes from lehman brothers , as staff there are contacting colleagues at other firms directly to find new jobs after their investment bank went bankrupt, reuters reported.
dealbook.blogs.nytimes.com

Irish 'blank Check' To banks -- Angelic Or Devious?
ireland's bold decision to guarantee every penny of deposits at irish-owned banks looks to some like a psychological masterstroke in the banking crisis -- an emergency measure that could force countries across europe and beyond to follow suit.
biz.yahoo.com

How The Financial Crisis Is Hitting Michigan - Detroit Free Press
beaumont hospital may have to pay more money to build new emergency and operating rooms at its royal oak campus. jadda capital management of mt. clemens is seeing more customers looking for short-term loans because they can't get financing from banks ...
www.freep.com

Stocks End Lower Before Vote - Cnn Money
new york  (cnnmoney.com) -- stocks trimmed losses by the close wednesday, but investors remained edgy ahead of a senate vote on the modified $700 billion bank rescue plan, expected later tonight. credit markets remained pinched , with closely ...
money.cnn.com

France, Germany Clash Over Proposal To Bail Out European banks
oct. 1 (bloomberg) -- france and germany clashed over whether to create a fund to bail out banks pounded by the global credit crunch, kicking off a european version of the debate that has been raging in the u.s. for two weeks.
www.bloomberg.com

British banks Seek Irish Talks On `distorted' Plan (update1)
oct. 1 (bloomberg) -- u.k. banks are seeking talks with the irish government about its plan to guarantee bank deposits, saying the proposals will distort competition.
www.bloomberg.com

Imf Urges An Eu Credit Crisis Strategy - Businessweek
it is time for europe to develop a contingency plan to protect its economy should the growing finance crisis worsen, dominique strauss-kahn, head of the international monetary fund (imf), warned in an interview with reuters on tuesday. not only that ...
www.businessweek.com