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This is Money
The London Stock Exchange fell by more points in a day then ever before as the deepening global financial crisis hit markets across the world.
London stock exchange suffers worst fall in history
A 40-50 billion taxpayer-funded life-belt for high street banks is being considered by ministers as a last resort.
Treasury may take 50bn stake to shore up high-street banks
In London there were growing calls from business for the Bank of England to get "ahead of the curve" by slashing interest rates by a half a percentage point on Thursday. Threadneedle Street has refused to budge for the past six months because of worries about inflation.
Growing calls from business for half-point cut in interest rates
Gordon Brown has warned that the Government is ready to take action to prevent "irresponsible risk-taking" by banks and other financial institutions.
Gordon Brown says Government ready to stop 'irresponsible risk-taking' by banks
The Federal Reserve is working with the US Treasury on plans for a move into unsecured lending in the hope that this extreme step could help revive credit markets. As well as unsecured lending to banks, the plan could see the Fed directly purchasing commercial paper or funding a special purpose vehicle set up to do this.
Fed eyes drastic move into unsecured loans
The German government may be forced to take further action to shore up, and ultimately restructure, its banking system following its rescue of Hypo Real Estate this weekend, warn bankers and analysts.
Germany may have to restructure banking system
The krona, which had already lost a fifth of its value against the euro, plunged a further 23 per cent yesterday to a record low of 230, after steep declines last week.
Iceland suspends bank stocks as krona plunges
Icelandic banks have been ordered to start selling foreign-owned assets to help the country avoid bankruptcy, a move that could lead to the fire sale of some of Britain's best known names on the high street.
Iceland's ordered to start selling foreign-owned assets
The entire complex of commodities and emerging market stocks, bonds, and currencies is now in free-fall as the economic crisis spreads like brushfire, threatening to draw every corner of the globe into the vortex of recession.
Russia and Brazil crumble as commodity prices crash