Morning all - today's media stories:
The federal government would put up as much as $700 billion in a far-reaching plan to rescue the nation's troubled financial system, according to a bill unveiled by lawmakers on Sunday.
Rescue bill unveiled
Stricken Belgian bank Fortis was facing a state takeover or a sale to a rival lender last night after authorities in Belgium and Holland stepped in to save it from collapse.
State steps in to stop collapse of stricken Fortis
Three of the UKs biggest high-street banks are preparing to tap the US government bail-out fund for around $50bn (27bn) of financial support.
UK high street banks may benefit from US bail-out
Santander, the Spanish banking giant and owner of Abbey National and Alliance & Leicester, has bought Bradford & Bingley's branch network and 21bn deposit book, leaving the Treasury to nationalise the failed mortgage lender's 50bn loan book.
Santander buys Bradford & Bingley's branches
Major City investors warned last night against a fire sale of Bradford & Bingley arguing that shareholders should not necessarily be wiped out by the Governments planned nationalisation.
City warns against 'fire sale of B&B
The future of America's fourth-largest bank, Wachovia, is in the balance as attempts to find a buyer for the group faltered over the weekend. Analysts have started to bet that, rather than doing a deal with the bank now, potential suitors could wait until the bank was seized by the authorities and then pick off the best assets at a knock-down price.
Wachovia's fate in balance as takeover deal falters
A takeover of Wachovia, the troubled regional lender, hinges on congressional approval of a proposed $700bn bail-out plan and the governments willingness to extend financial aid to potential bidders, reports the FT.
Wells Fargo moves in on Wachovia
Regulators are planning changes to the current financial rules to make banks shore up their finances in boom periods and give them breathing space in times of stress.
FSA plans to change cyclical capital rules
The management of MFI saved the troubled kitchens retailer from administration last night when it secured financing for its acquisition.
Jobs and customer orders are saved as MFI gets lifeline
Married father-of-one Kirk Stephenson, 47, chief operating officer at private equity firm Olivant, died on Thursday morning after throwing himself in front of a commuter train near Taplow station in Buckinghamshire, police said.
Private equity boss kills himself