Russia Won
Sweden, IMF to Present Latvia Loan Package This Month
Sweden
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European Interest Rates Tumble
In Frankfurt, London, and Stockholm, central banks on Thursday announced some of the greatest drops ever recorded in an effort to combat the recession brought on by the global financial crisis. Seeking to boost its economy, France announced a
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EU to Issue Revised Guidance on Bank-Rescue Plans
The European Commission and the European Central Bank are working on revised state-aid guidelines in a move that would pave the way for approval of France
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BOJ to Accept More Debt to Help Businesses Get Funds
The Bank of Japan will accept lower- grade corporate bonds as collateral for loans to banks to help businesses get access to funds as the country
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Extreme Makeover at Morgan Stanley
Morgan Stanley, one of the grandest names on Wall Street, transformed itself into an old-fashioned bank holding company in a desperate bid to survive the financial crisis.
By LOUISE STORY
Two months ago, Morgan Stanley, one of the grandest names on Wall Street, transformed itself into an old-fashioned bank holding company in a [...]
Bank hints at further rate cuts
Expectations of another rate cut have risen after the release of minutes from the Bank of England meeting at which rates were lowered from 4.5% to 3%.
The Bank’s nine-member committee voted unanimously for the cut on 6 November, but considered a bigger one.
The Bank’s own calculations showed that a cut [...]