
Afternoon all. Friday's market reports:
Telegraph
The Times
The Times (Need to know)
FT
The Guardian
The Independent
This is Money
Saturday
The Icelandic government is finalising a rescue plan for its crisis-hit economy – but has denied that it is considering nationalising Kaupthing, the country's largest bank.
Financial Crisis-hit Iceland draws up banking rescue plan
Ministers are preparing an array of emergency measures to shore up confidence in the financial sector after an emergency increase in guarantees for bank deposits to £50,000.
Emergency measures aim to stem outflow of corporate cash
A furious bust-up broke out between several of America's biggest high-street banks yesterday as Citigroup threatened to sue its west coast rival Wells Fargo for muscling in on an agreed takeover of the struggling financial services group Wachovia.
Citigroup furious after Wells Fargo hijacks Wachovia takeover
Sunday
On Friday, the US finally delivered a bailout designed to stabilise the worldwide banking crisis that threatened to plunge the world into depression. But financiers fear worse is to come.
America and Europe attempt to stave off financial meltdown
Gordon Brown has won heavyweight European backing for a £12 billion immediate rescue package for small businesses in peril because of the credit crunch.
European leaders agree to £12bn financial crisis rescue package
Another top European bank is on the brink of collapse after a consortium of German financial institutions withdrew from a state-led rescue plan agreed two days ago.
Hypo Real Estate on brink of collapse
Britain's biggest businesses are heading for a major cashflow crisis in the impending months as they have to refinance more than £50bn worth of debt.
Companies face £50bn funding crisis
Euler Hermes, one of the UK's biggest credit insurers, has withdrawn cover for suppliers to a number of retailers run by the troubled Icelandic investment group Baugur.
Credit insurer retreats from Baugur after Icelandic bank fails
Credit insurers are refusing to provide cover for suppliers to JJB, raising questions about the troubled retailer’s future.
JJB Sports under pressure as insurers pull plug
Arnold Schwarzenegger has warned that California may need an emergency loan of up to $7 billion (£3.9 billion) from the federal government within weeks because of the credit crisis.
Arnold Schwarzenegger: California needs $7 billion loan to fend off credit crisis
JP MORGAN has been accused by its Wall Street rivals of dealing the final hammer blow that forced Lehman Brothers into collapse in a sensational claim that threatens to spark a colossal legal battle.
JP Morgan ‘brought down’ Lehman Brothers
New questions have been raised about the $700 billion economic bail-out of the US economy as President George W. Bush warned that the world may have to wait weeks for the benefits of the rescue package to be felt.
Bail-out leads to conflict of interest claims as Wall Street financiers cash in on crisis
Interest rates in Britain will drop to a new 50-year low in the coming months, economists say, as the Bank of England tries to head off a serious recession. The Bank’s monetary policy committee (MPC) is expected to start the process by cutting rates this week.
Interest rates to drop to 50-year low
It has been defined by long periods of growth, followed by convulsions induced mainly by financial crisis. 2008 has all the hallmarks of another such trauma. Will Hutton looks at our economic system's ups and downs.
A short history of capitalism's rise and fall