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Exclusive News
G-20 Said to Press Europe to Deliver Solution to Debt Crisis Within Days
Group of 20 finance chiefs are pressing Europe’s leaders to deliver within the next few days a comprehensive plan that stamps out the region’s sovereign debt turmoil, according to an official from a G-20 nation.
EU Said to Consider 50% Greek Writedown
European officials are considering writedowns of as much as 50 percent on Greek bonds, a backstop for banks and continued central bank bond purchases as key planks in a revamped strategy to combat the debt crisis, people familiar with the discussions said.
RBS Cancels Christmas to Reduce Costs
Royal Bank of Scotland Group Plc is canceling Christmas for its investment bankers this year as the government-owned lender tries to reduce costs.
Lehman Catastrophic Moment Invoked as EU Leaders Press for Crisis Solution
“Cascading default, bank runs and catastrophic risk” lie ahead for the world economy unless Europe resolves its festering debt crisis, Timothy F. Geithner told global finance chiefs on the morning of Sept. 24.
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European Banks Face Boycott From Private Capital Leaving Taxpayers on Hook   
Cure for Ailing U.K. Economy Turns Villagers Against Property Developers   
Koreans With Chevys Aren’t Assured by U.S. Accord  
China Targets GE Wind Turbines With $15.5 Billion War Chest  
Danish Bank Watchdog Sets January Deadline for Insolvency Tests 
Germany Backing Italy Seen as Key to Europe’s Bank Crisis   
Rajaratnam May Join Madoff, Rigas, Blind Sheikh in ‘Crown Jewel’ Prison  
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