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Nationalisation threat to banks

The Government is using the threat of a wholesale nationalisation of banks in an attempt to force institutions to lend billions to small companies struggling to survive as Britain slips into recession.

Bernanke, Paulson Defend Bailout in Testimony
The two top salesmen for a $700 billion financial bailout are in for a grilling by Capitol Hill lawmakers just one week after the administration officially ditched the original strategy behind the rescue.
Former Treasury Secretary O’Neill Talks to FBN
Former Treasury Secretary Paul O'Neill said he approves of three of the possible candidates for his former post.
Bee crisis
Collapse of bee colonies could hit the EU economy
No agreement for US car bail-out
US carmakers are given a deadline to produce a viable recovery plan if they want a $25bn government bail-out.
Bernanke Leaves Door Open to Further Rate Cuts
Warning that financial markets remain under "severe strain," Federal Reserve Chairman Ben Bernanke pledged Friday to work closely with other central banks to fix global financial problems and left open the door to a fresh interest rate cut to help brace the sinking U.S. economy.
Opec 'lost $700bn on cheaper oil'
Opec members have lost about $700bn (£467bn) because of falling crude prices, the oil cartel's president is quoted as saying.
Honda Swindon closing for 50 days
Honda is to cut production in Japan and Europe and close its Swindon plant in the UK in February and March next year.
FDIC Chairwoman Weighs In on Loan Modification Plan
FDIC Chairman Sheila C. Bair said the plan coming from Fannie and Freddis is a step in the right direction.
Colombian scam suspect extradited
Panama extradites a Colombian suspected of running the country's biggest pyramid finance scheme.

Eurozone business activity falls
Business activity in the 15 countries sharing the euro falls in November to a ten-year low, the purchasing managers' index (PMI) shows.
Crucial partner
China's trade ties with Latin America are on the rise

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