Galaxy Visions Group

WaMu is largest U.S. bank failure

NEW YORK/WASHINGTON (Reuters) - Washington Mutual Inc was closed by the U.S. government in by far the largest failure of a U.S. bank, and its banking …

Read more from the original source:
WaMu is largest U.S. bank failure

Central banks dole out cash as bailout doubts grow

SYDNEY/SINGAPORE (Reuters) - Central banks across Asia scrambled on Friday to meet a desperate demand for cash, both in their own currencies and the U.S. dollar, as the White House’s $700 billion (380 billion pounds) bailout plan ran into unexpected roadblocks.

…

See the original post:
Central banks dole out cash as bailout doubts grow

U.S. bailout in chaos

WASHINGTON (Reuters) - A rescue for the U.S. financial system unravelled on Thursday amid accusations Republican presidential candidate John McCain scuppered the deal, and Washington Mutual was closed by U.S. authorities and its assets sold in America’s biggest ever bank failure.

Continued here:
U.S. bailout in chaos

Oil falls below $107 on doubts over U.S. rescue plan

PERTH (Reuters) - Oil fell more than $1 to below $107 a barrel on Friday, reversing the previous session’s gains of more than $2, as investors took profit on uncertainty over the U.S. government’s $700 billion rescue plan.

See original here:
Oil falls below $107 on doubts over U.S. rescue plan

JPMorgan acquires certain WaMu assets

NEW YORK (Reuters) - JPMorgan Chase & Co has acquired certain assets of Washington Mutual Inc for $1.9 billion (1.03 billion pounds) after the large savings and loan was closed by regulators on Thursday.

See the rest here:
JPMorgan acquires certain WaMu assets

U.S. bailout deal stalled

By Tom Ferraro and Richard Cowan
WASHINGTON (Reuters) - A deal to rescue the faltering U.S. financial system stalled on Thursday amid bickering between Democrats and Republicans and accusations of political posturing by Republican presidential candidate John McCain.
U.S. lawmakers had appeared close to a final agreement on Thursday …

Excerpted from:
U.S. bailout deal stalled

Bush says U.S. bailout deal near

WASHINGTON (Reuters) - U.S. lawmakers appeared close to a final agreement on Thursday on a massive $700 (377 billion pound) billion bailout to save the financial system, lifting world stock markets and sending the dollar higher.

See more here:
Bush says U.S. bailout deal near

Bush says U,.S. bailout very near

By Tom Ferraro and Richard Cowan
WASHINGTON (Reuters) - U.S. lawmakers appeared close to a final agreement on Thursday on a massive $700 billion (377 billion pound) bailout to save the financial system, lifting world stock markets and sending the dollar higher.
News of a tentative agreement stabilized beleaguered money markets, frozen by a reluctance by banks to lend. The rate on one-month U.S. Treasury bills shot higher as traders unwound safe-haven trades.
Still, officials from Fra

See the rest here:
Bush says U,.S. bailout very near

Union backing resurrects Alitalia bailout

ROME (Reuters) - Four major unions including Italy’s biggest threw their support behind an investor bailout of flag carrier Alitalia, breathing life into a deal that seemed all but dead and averting the risk of grounded flights for now.

Go here to read the rest:
Union backing resurrects Alitalia bailout

U.S. lawmakers hammering out bailout

WASHINGTON (Reuters) - U.S. lawmakers appeared close to a final agreement on Thursday for a massive $700 billion (377 billion pound) bailout to save the financial system, lifting world stock markets and sending the dollar higher.

View post:
U.S. lawmakers hammering out bailout