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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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Money market funds explained

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Comment & Analysis

Why 9/15 changed more than 9/11

Gideon Rachman

The attacks on New York and Washington in 2001, horrifying as they were, did not shake US dominance of the global political and economic system. It was Lehman’s collapse that truly marked the end of the “unipolar moment”, writes Gideon Rachman

It is time to dance to a new long-term tune

Our collective over-emphasis on policy for the short term over long term in the era before Lehman’s fall has returned to haunt us. For the economy as a whole, however, there are seeds of prosperity, writes Glenn Hubbard

Why it is still bank business as usual

Regulators may have been given greater authority to keep banks on a tight leash. But they must actively enforce their new powers. To do this, they must have the political backing to make enemies of the banks

Accounting: Fooled again

In the wake of revelations on how Lehman flattered its balance sheet, questions are arising about how such techniques became possible and what can be done to curb them

BarCap struck as lights went out at Lehman

Lehman Brothers’ collapse left its staff hungry for a challenge that BarCap used to its advantage

Harmony distant prospect despite Lehman outrage

The dirty secret hanging over the industry is that the type of cross-border games at the investment bank were an extreme version of what has occurred at other companies – and these games are unlikely to disappear

Lack of consistency in Lehman valuations

Lehman Brothers used inconsistent and highly subjective methods to value the problematic assets on its books, according to the Valukas report

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GM shares at lowest since 1950s

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CBA buys BankWest for A$2.1bn

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