November 17, 2008
Goldman Sachs CEO, six leaders give up 2008 bonuses
Goldman Sachs CEO Lloyd Blankfein and six company leaders have renounced their 2008 bonuses, a company spokesman said Sunday.
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November 16, 2008
Financial crisis since October
- Here is a chronology of the global financial crisis since October:
CORRECTED-LSE chief Furse's defensive mettle may pro (Reuters via Yahoo! UK & Ireland News)
Clara Furse has proved her mettle at the helm of the centuries-old stock market by seeing off a series of suitors, but tough markets are a different challenge just as she prepares to step down.
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November 15, 2008
G20 summit aims to boost growth, prevent new crisis
A crisis summit of the world's 20 largest economies were meeting here on Saturday to outline steps to stimulate flagging global growth and prevent new financial upheaval, leaders said.
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November 14, 2008
Bradford and Bingley Bosses Quit
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The chairman and deputy chairman of nationalised mortgage bank Bradford and Bingley have quit.
White House reviewing FDIC mortgage plan
The White House on Friday said it was carefully reviewing a plan by the Federal Deposit Insurance Corp to prevent foreclosures by sharing any losses with mortgage companies that agree to refinance certain home loans.
Freddie Mac loses $25.3 billion, seeks US infusion (AFP via Yahoo! UK & Ireland News)
Freddie Mac, one of the mortgage finance giants taken over by the government earlier this year, reported Friday a quarterly loss of 25.3 billion dollars as it asked for a fresh capital infusion.
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US authorities shifted the focus of a massive financial rescue plan, scrapping plans to buy up toxic mortgage assets and calling for help in restoring credit outside the banking sector.
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"Clive has been extremely helpful with our mortgage and transferring it over to our new property. He was pro-active through the whole process, was very knowledgeable and his advice and guidance was invaluable."
Mr & Mrs Bowden, High Wycombe
