Bank

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ICICI Bank Bond Risk Rises to Record as Shares Plunge (Update1)
(Bloomberg - Oct 10, 2008)

Oct. 10 (Bloomberg) -- The cost of default protection on ICICI Bank Ltd., the Indian lender that's reported the biggest losses on overseas investments, rose to a record as the shares fell the most since 1997, credit-default swaps show.

www.bloomberg.com/apps/news?pid=20601091&sid=aPAn3CZ_qBvc

Deutsche Bank, HBOS Drop on Lehman, Economic Concerns (Update1)
(Bloomberg - Oct 10, 2008)

Oct. 10 (Bloomberg) -- Deutsche Bank AG, Germany's biggest lender, and HBOS Plc were among the biggest decliners in European trading as investors anticipated losses linked to Lehman Brothers Holdings Inc. and a worldwide recession.

www.bloomberg.com/apps/news?pid=20601102&sid=apoGjwhG8Zgg

Council's bank in administration
(BBC News - Oct 10, 2008)

Another West Midlands council reveals it has money in a bank which has been placed in administration.

news.bbc.co.uk/go/rss/-/1/hi/england/7663035.stm

Canada rated world's soundest bank system: survey
(Washington Post - Oct 10, 2008)

CANBERRA (Reuters) - Canada has the world's soundest banking system, closely followed by Sweden, Luxembourg and Australia, a survey by the World Economic Forum has found as financial crisis and bank failures shake world markets.

www.washingtonpost.com/wp-dyn/content/article/2008/10/09/AR2...

India's central bank moves to increase liquidity
(AFP via Yahoo! News - Oct 10, 2008)

India's central bank on Friday said it would inject a further 400 billion rupees (8.2 billion dollars) into the financial system, by cutting the cash reserve commercial banks must hold to 7.5 percent.

news.yahoo.com/s/afp/20081010/wl_sthasia_afp/financebankingi...

U.S. weighs backing bank debt, deposits: reports
(Reuters via Yahoo! News - Oct 10, 2008)

The U.S. government is weighing guaranteeing billions of dollars in bank debt and temporarily insuring al U.S. bank deposits, in a bid to unfreeze bank lending and staunch massive losses in equity markets, The Wall Street Journal reported on Friday.

news.yahoo.com/s/nm/20081010/ts_nm/us_financial_us_guarantee...

U.S. considering backing bank debt, deposits: report
(Reuters via Yahoo! News - Oct 10, 2008)

The United States is considering guaranteeing billions of dollars in bank debt and temporarily insuring all U.S. bank deposits, two dramatic steps to repair ailing financial markets, the Wall Street Journal reported on its Web site on Friday.

news.yahoo.com/s/nm/20081010/bs_nm/us_financial_us_guarantee...

Bank of Japan Should Buy Stocks to Aid Market, Nikko Asset Says
(Bloomberg - Oct 10, 2008)

Oct. 10 (Bloomberg) -- The Bank of Japan should purchase stocks and stop a rout in the nation's equity markets, according to Nikko Asset Management Co.

www.bloomberg.com/apps/news?pid=20601084&sid=aIssr_zMnqxo

From George Soros to a Bank Near You
(New York Times - Oct 10, 2008)

In a twist, the billionaire financier George Soros, who in 1992 was called “the man who broke the Bank of England,” for his multibillion-dollar bet against the British pound, could in 2008 end up helping the ailing British banking system get back on its feet with his ideas.

dealbook.blogs.nytimes.com/2008/10/09/from-george-soros-to-a...

Iceland's government nationalises biggest bank Kaupthing
(AFP via Yahoo! News - Oct 10, 2008)

Iceland's government nationalised the country's biggest bank, Kaupthing, on Thursday, just days after the second and third biggest banks were brought under state control.

news.yahoo.com/s/afp/20081009/ts_afp/financebankingiceland_0...