Anglican leaders in scathing attack on unbridled capitalism
London - The two most senior figures in the Church of England have condemned the behaviour of financial traders in the recent market turmoil, branding them as bank robbers and asset strippers. In an article for the Spectator magazine, Archbishop of ...

[ Published on : Thu, 25 Sep 2008 09:41 ]

EXTRA: Brown: Comprehensive bail-out is right decision
London - British Prime Minister Gordon Brown Wednesday hailed the governments massive bank rescue plan as the right decision in extraordinary times. It is a tough deal for everybody, but it is the right deal for the British public, Brown told a n...

[ Published on : Wed, 08 Oct 2008 06:36 ]

 Brown says British banking bail-out is right decision - Summary
London - British Prime Minister Gordon Brown Wednesday hailed the governments massive bank rescue plan based on a cash injection of 50 billion pounds (87 billion dollars) as the right decision in extraordinary times. It is a tough deal for everybo...

[ Published on : Wed, 08 Oct 2008 08:36 ]

Britain nationalizes lender in latest rescue bid - Summary
London - The British government Monday averted another direct blow to the crisis-hit banking sector by nationalizing one of the countrys major mortgage lenders and selling its savings business to Spanish banking giant Santander. In a deal hammered o...

[ Published on : Thu, 02 Oct 2008 13:33 ]