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This is Money

Ben Bernanke, chairman of the US Federal Reserve, has begun to sketch an "exit strategy" for the first time after embarking on the most radical monetary experiment in US history, insisting that huge infusions of money will fuel inflation once recovery starts.
Bernanke sketches 'Exit Strategy' at last

Ben Bernanke, chairman of the US Federal Reserve, warned yesterday that the economic recovery package planned by the incoming Obama administration will not succeed unless financial stability is restored.
Bernanke tells Obama $775bn fiscal package is not enough

Freight rates for containers shipped from Asia to Europe have fallen to zero for the first time since records began, underscoring the dramatic collapse in trade since the world economy buckled in October.
Shipping rates hit zero as trade sinks

The Treasury is understood to have asked the investment bank Credit Suisse to draw up a detailed plan for the logistics of creating a bad bank, in a bid to restore confidence in the sector and to kick-start lending to consumers and businesses.
Treasury mulls bad bank for toxic debt

The UK's trade deficit widened to a record level in November as a weaker pound failed to boost exports at a time when world demand for goods is collapsing.
UK trade deficit hits 8.3bn as weak pound fails to lift exports

Royal Bank of Scotland raised 1.7bn yesterday by offloading its 4.3 per cent stake in Bank of China as it sells non-core operations and investments to reinforce its balance sheet. The sale took the form of a placing of the shares at a discount of about 7.5 per cent with institutional investors. RBS was set to officially announce the deal overnight or today.
RBS raises 1.7bn in Bank of China stake sale

Citigroup is to break up its 10-year old universal banking business model by separating large parts of its troubled investment bank and US consumer finance businesses from its global commercial banking business in a dramatic attempt to ensure its survival.
Citigroup ditches universal banking, will adopt good bank, bad bank structure

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