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USA UK and Malta News
26/09/2008 - 19:46

UK Today Editoweb 26 septembre 2008

Fortis battles liquidity concerns - Senators Make Pledge On Bail-Out -
U.S. bailout roils world markets



Fortis battles liquidity concerns

Belgian-Dutch financial group Fortis battled on Friday to dispel liquidity concerns hammering its shares, insisting that there was "not a single chance" of failure.

Senators Make Pledge On Bail-Out

Top US Senators have said they remain committed to agreeing a financial bail-out package for the US economy and will stay in Washington "as long as it takes".

U.S. bailout roils world markets

Pressure mounted on U.S. lawmakers to agree on a $700 billion (380 billion pounds) financial rescue plan after the collapse of talks in acrimony and the biggest bank closure in U.S. history roiled global markets.

FTSE ends down 2.1 percent

The top share index ended 2.1 percent lower on Friday as stressed money markets and lingering uncertainty on a $700 billion (380 billion pounds) U.S. rescue plan further rattled investors,
sending banks and commodity stocks lower.

WaMu collapse stokes jitters in fast-paced financial crisis

The collapse of Washington Mutual, the nation's biggest bank failure ever, and the sale of its assets to JPMorgan Chase highlighted the deep troubles of the sector amid a fast-moving US financial crisis.

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