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Europe's big four ask for 'free hand' to tackle the bank crisis

Europe's four major powers called for the EU to give them a free hand to tackle the global financial crisis, and vowed to support their countries' banks.

Danish deal is good news for NIB customers

Customers of National Irish Bank can rest easy with the news that its parent, Danske, is covered by a new guarantee from the Danish government.

Usual suspects survive fiasco

ONCE upon a time there was a little company called Lloyds of London.

Bookies hoping 'recession' will be a winner

NEVER ones to pass up on an opportunity, the bookies are now taking bets on the recession.

Royal Bank of Scotland may need government assistance

Royal Bank of Scotland Group Plc fell the most in at least 20 years on speculation it will be the next U.K. bank to need government assistance.

Interest rates 'will drop to 2.5pc'

The Bank of England and the European Central Bank will lower their benchmark interest rates further than previously anticipated next year, according to economists at BNP Paribas in London.

UBS buoyant as it claims it will be profitable by 2009

Swiss banking giant UBS said it would swing into profit in the third quarter, as it seeks to regain client trust after successive quarters of losses on massive asset writedowns.

Paulson Gives New Detail Of Bank Ownership Plan
Paulson Gives New Detail Of Bank Ownership Plan
Soden says BoI must unite with its rivals at AIB

FORMER Bank of Ireland chief executive Mike Soden has called for Bank of Ireland to merge with Allied Irish Bank to create a "national champion" in a bid to stave off a banking meltdown.

Default fear hits Taylor Wimpey

UK building giant Taylor Wimpey announced a further delay in renegotiating its £1.7bn debt burden and raised concerns of a default on its eurobonds, sending its shares as much as 8.7pc lower.

Investing in pension plan is no longer seen as a good idea

THERE has been a sharp drop in the numbers of people who think it is a good idea to invest in a pension, reflecting acute losses on stock markets.

State 'must buy empty homes as prices drop'

THE Government was urged to buy up thousands of homes left empty by the property slump to reduce homelessness yesterday.

O'Dea denies reports of imminent Dell closure

Defence Minister Willie O'Dea has denied being informed by Dell executives that the computer giant plans to end its Irish operations early next year.

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