Brown offers Europe a lesson in leadership
The good news is that governments are at last abandoning an ad hoc approach in favour of a systematic response, writes Wolfgang Münchau
Lehman Brothers - Companies & Markets
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UK banks scramble to boost capital
Four banks are locked in discussions with the authorities to finalise details of a recapitalisation that is likely to see them commit to raising more than £35bn
ABN purchase a deal too far for RBS
Sir Fred Goodwin’s reputation has taken a battering since last year when RBS made the decision to lead a consortium that acquired Dutch bank ABN Amro for €71bn at the height of the boom
Lloyds rescue of HBOS stays on track
Lloyds’ offer was still 0.83 shares for each HBOS share, but there was some suggestion that there could be a new exchange ratio of between 0.6 and 0.71
Wall Street in biggest fall since 1987 crash
The US stock market suffered its largest loss since the crash of 1987 amid panic over GM, Morgan Stanley and several big insurers, heightening speculation that the US would unveil a bank recapitalisation plan soon
US in de facto support for bank liabilities
The US is likely to strengthen its implicit guarantee for all bank deposits and bank debt but stop short of a formal legal guarantee, as it tries to save its banks without destroying its non-bank financial sector
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Fear grips the money markets
Interactive feature: How do money market funds work and what are the consequences of the recent problems in the aftermath of a fund ‘breaking the buck’
Management
How to capitalise the banks and save finance
The international financial system needs repairing , but there are grounds for optimism, writes George Soros
A cruel wind
The strategy of debt-fuelled growth that transformed Reykjavik into a financial powerhouse now leaves Iceland facing an uncertain future
Markets throw one tantrum after another
For most of the past year, senior bankers have struggled to avert a collapse of faith in modern finance. Tragically, as this month’s events show, they have largely lost this fight, writes Gillian Tett
The Lehman legacy: Catalyst of the crisis
Treasury secretary Hank Paulson’s refusal to rescue the 158-year-old Wall Street bank took the upheavals into their latest and most severe phase
The shocking errors of Iceland’s meltdown
Politicians should not become central bank governors. David Oddsson is part of the problem and should resign now, writes Richard Portes
The excesses of pragmatism
There are circumstances in which people are forced to choose which they want more – democracy or prosperity. We are picking the latter, writes Christopher Caldwell
Man in the News: Gordon Brown
The British prime minister’s bold response to the financial crisis has caused the country to look at him with fresh eyes
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