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Comment: Amid turmoil, do not forget the poor

Rich nations must not use the crisis as a pretext for abandoning developing nations, write Kofi Annan, Michel Camdessus and Robert Rubin

UK launches £37bn bank rescue

Fred Goodwin becomes most high profile casualty

Scramble to avoid collapse

Eurozone agrees to guarantee bank debt

MUFG deal boosts Morgan Stanley

$9bn investment from Japanese group

Eurozone set to pledge billions in rescue bid

Governments scramble for accord

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Are European banks too big to fail?

This interactive map explores the relative size of business and government. Updated to show tier 1 capital ratios for each bank, and household debt levels as percentage of GDP

    UK bank bail-out

    UK banks

    Is the government’s massive bailout plan for the UK banking system a good idea?

      Management

      Brown offers Europe a lesson in leadership

      Wolfgang Munchau

      The good news is that governments are at last abandoning an ad hoc approach in favour of a systematic response, writes Wolfgang Münchau

      How to capitalise the banks and save finance

      George Soros

      The international financial system needs repairing , but there are grounds for optimism, writes George Soros

      A cruel wind

      Iceland

      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

      Gillian Tett

      As this month’s events show, senior bankers struggled but failed to avert a collapse of faith in modern finance, writes Gillian Tett

        The Lehman legacy

        Lehman Brothers

        Treasury secretary Hank Paulson’s refusal to rescue the 158-year-old 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

        Christopher Caldwell

        Sometimes 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

          Editorial Comment

          Lex

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