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News archive

17 October 2008
crunch

It's bad. Very bad. But we can stop it being disastrous

Businesses are not just worried about a downturn. Their deep fear is about whether they will be able to survive over the next six months...
15 October 2008
uk banks

Debt - UK banks nationalised and debts written off

Three British banks have been bailed out by the UK Government, after it agreed to nationalise them in the aim of encouraging financial markets and banking confidence...
08 October 2008
Credit Cards

Q&A: How will the UK bailout work?

LONDON, England (CNN) -- Why has the UK government decided to inject nearly $90 billion of taxpayers' money into banks and lend them a further $350 billion?...



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