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Expectation of more rate cuts grow (11 October 01:00) |
| At the end of August, Alistair Darling, the British chancellor of the exchequer, warned that the UK economy was facing "arguably the worst" downturn in 60 years. |
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Limits on bank compensation (11 October 12:55) |
| The increased protection for bank savings deposits held by consumers has been made available to those with business accounts, but only for companies that fit certain size thresholds. |
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Companies unaware of credit card security obligations (11 October 12:55) |
| Business owners that handle or store credit card details are putting themselves at risk of a fine by not complying with industry security standards, an employers body has warned. |
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Bail-out to halt cash dividends of big four banks (11 October 12:35) |
| Shareholders in the four main UK banks face the prospect of receiving no cash dividends until at least 2010, analysts have said, as a result of £400bn bank rescue package announced by the g... |
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Wags lyrical (11 October 12:30) |
| It's strange to think that "Wag" - the acronym for footballers' wives and girlfriends - entered the Oxford English Dictionary only last year. Already Wags seem as traditionally English a con... |
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More haste, and much more speed (11 October 12:30) |
| The collective noun for a group of central bankers, it transpires, is a "chorus". In harmony this week, they reduced interest rates in the UK, the US, the eurozone, Canada, Switzerland, Chin... |
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Lehman CDS pay-outs higher than expected (11 October 12:30) |
| The pay-outs on about $400bn of defaulted credit derivatives linked to Lehman Brothers LEH are likely to be higher than anticipated after initial results from auctions to settle these credit... |
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Property chains face freeze (11 October 12:20) |
| The failure of Icesave, the Icelandic bank branch, could have dire consequences for property chains in the UK. |
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FTSE may be on brink of a bounce-back (11 October 12:15) |
| The UK may have already entered recession, according to some economists. |
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The week that panic stalked the markets (11 October 12:15) |
| The crash in equity markets this week came as investors fled risky assets in panic. Co-ordinated rate cuts by leading central banks, and many other measures of support hastily adopted by gov... |
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Cover notes (11 October 12:10) |
| Wealthy clients of private banks holding more than £50,000 in cash should check their level of deposit protection as it can differ between institutions. |
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UK savers get reassurance (11 October 12:10) |
| Are my savings any safer after this week's government action? |
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Sit tight and ride out the market falls (11 October 12:05) |
| Pension investors are being urged not to panic and to continue making their contributions in spite of most pension funds falling further in value this week as global equity markets reacted t... |
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Yamamoto files for bankruptcy (11 October 12:00) |
| Yamato Life Insurance on Friday filed for bankruptcy with Y269.5bn ($2.7bn) in liabilities. It becomes the first direct casualty of the global financial crisis in Japan's financial sector. |
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Germany draws up contingency plan (11 October 12:00) |
| The German government was on Friday night drawing up a multi-billion contingency plan to shore up its banking system, which could see the state guarantee interbank lending in the country and... |
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Concerns over taking the 'third way' to retirement (10 October 11:55) |
| Holders of pensions that guarantee income or capital, known as "third way" annuities, may now be wondering if their guarantees are worth the paper they are written on. |
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Find your way (10 October 11:50) |
| Variable annuities - also called "third way" annuities - offer guarantees on either capital or income or both, while also paying out a regular annuity. |
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ICE joins banks for global clearing solution (10 October 11:45) |
| Some of Wall Street's biggest names sought to regain the initiative in the battle for control of the $54,000bn credit derivatives market on Friday by teaming up with InterContinental Exchang... |
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Income investors can't bank on dividends (10 October 11:40) |
| Managers of UK equity income funds - which have come to rely on the dividends from Royal Bank of Scotland, Lloyds TSB and Barclays BCS - are seeking alternative holdings following the govern... |
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Overview: Stock markets crash as financial crisis deepens (10 October 11:35) |
| Panic selling prompted a crash in global equities this week, sweeping many stock markets to their steepest ever falls as investors ignored efforts by governments and central banks to restore... |
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The excesses of pragmatism (10 October 11:05) |
| It is not just the reputation of capitalism that has suffered a blow from the financial crisis. The prestige of democracy has been struck amidships. We have been in the habit of talking abou... |
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Speculators pile pressure on ICICI (10 October 11:05) |
| Shares of India's largest private sector financial group ICICI Bank came under attack from speculators on Friday, falling up to 28 per cent and shocking a country that has until now mostly b... |
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Admiral could beat analyst forecasts (10 October 10:05) |
| Admiral released a bullish interim management statement on Friday, but saw its shares slide along with the rest of the sector during one of the worst days the FTSE has ever seen. |
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US volatile after global sell-off (10 October 09:55) |
| Equities plunged on Friday after a dramatic late sell-off in New York extended the sustained losing streak on world stock markets. |
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FTSE loses fifth of its value in a week (10 October 09:45) |
| London equities tumbled on Friday extending the FTSE 100's decline to five-consecutive days during which the senior index lost a fifth of its value. |
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Wall Street hit by panic selling (10 October 07:15) |
| US stocks continued their catastrophic run of losses as traders braced themselves for another wave of panic selling. |
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Credit crisis hits GE finance unit (10 October 06:05) |
| General Electric on Friday reported a 12 per cent drop in quarterly profit, meeting a forecast the conglomerate had lowered two weeks ago, as the credit crisis crimped results at its financi... |
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HRG: Is your journey really necessary? (10 October 03:50) |
| International travel management company Hogg Robinson Group (HRG) has in the region of 1,500 clients, including about 30 per cent of the FTSE 100 and "a significant proportion" of the Fortun... |
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FTSE falls further as banks stay under pressure (10 October 03:15) |
| London equities collapsed on Friday, left vulnerable after a dramatic late sell-off in New York extended the sustained losing streak on world stock markets. |
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European markets tumble as fears intensify (10 October 02:35) |
| Fear led to panic on European trading floors on Friday after investors watched the global sell off intensify on Wall Street overnight and during Asian trade. |
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Global equities plunge (10 October 02:10) |
| Equities plunged on Friday after a dramatic late sell-off in New York extended the sustained losing streak on world stock markets. |
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Japanese insurer Yamato Life collapses (10 October 11:40) |
| Yamato Life Insurance on Friday became the first direct financial sector casualty in Japan of the US subprime mortgage crisis, filing for bankruptcy with Y269.5bn ($2.7bn) in liabilities. |
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Kaupthing chairman searches for answers (10 October 09:30) |
| Kaupthing's chairman laid part of the blame for his bank's nationalisation at Britain's door on Thursday, as the rout of Iceland's financial services sector appeared to have ended with all t... |
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Savers in approved foreign banks protected (10 October 08:50) |
| Savers with money in the UK-authorised arms of overseas banks have had 100 per cent of their savings implicitly guaranteed by the chancellor, savings analysts say. |
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Indonesian stock exchange remains closed (10 October 08:40) |
| Trading on the Indonesian stock exchange remained suspended on Friday morning after the authorities took stock of the heavy falls in the United States overnight and on markets elsewhere in A... |
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Japan leads Asian market slide (10 October 08:15) |
| Japanese shares fell by 11.4 per cent on Friday, leading a rout of Asia Pacific shares as fears deepened that the world's economy was heading for recession. Markets followed the example of W... |
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Pension lifeboat liabilities increase (10 October 08:10) |
| The potential liabilities of the pension lifeboat - the Pension Protection Fund - have rocketed by 50 per cent in little over a week as markets tumbled, Martin Clarke, its director of financ... |
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MPs to probe rescue package and bonuses (10 October 06:45) |
| The high street banks face an inquiry by an influential Commons committee, following cross-party calls on Thursday for retribution against the "irresponsible" bank bosses seeking multi-billi... |
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Legal fees for Lehman could reach $900m (10 October 06:20) |
| Attorneys and advisers to Lehman Brothers LEH may see a fee bonanza from the largest bankruptcy case in US history. |
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Chile holds interest rates steady (10 October 05:55) |
| Chile's central bank held interest rates steady at 8.25 per cent at its monthly monetary policy meeting on Thursday, betting that the current global financial turmoil that is expected to slo... |
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Wall Street in biggest fall since 1987 crash (10 October 05:00) |
| The US stock market suffered its largest loss since the crash of 1987 on Thursday amid panic over General Motors GM, Morgan Stanley MWD and several big insurance companies. |
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ECB focuses on risk management (10 October 05:00) |
| Jean-Claude Trichet left for Washington on Thursday after overseeing a deft change in the European Central Bank's strategy this week: the bank put aside its previous inflation worries to foc... |
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The Short View: Market sell-off (10 October 03:50) |
| Thursday was a grim anniversary for US equities and it is becoming clear that Main Street has joined the professionals in running scared. |
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Pease stepquits down atas chief of JO Hambro (10 October 03:35) |
| Nichola Pease, one of the City's highest-profile women, has stepped down as chief executive of JO Hambro Capital Management after a decade running the boutique asset manager. |
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Iceland woes prompt Baugur to seek clarification (10 October 03:35) |
| Baugur, the Icelandic group, was seeking on Thursday night to clarify the status of its interests in large chunks of the high street following the collapse of the Icelandic banking system. |
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UK plan to support lending rebuffed (10 October 03:20) |
| Fresh doubts over the commitment of the world's richest nations to work together to tackle the financial crisis emerged on Thursday as France and Germany voiced concern over a key part of a ... |
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BofA to push ahead on Merrill despite fall in shares (10 October 03:15) |
| The sharp fall in the share prices of Bank of America BAC and Merrill Lynch this week is not expected to derail the merger between the two US banks announced last month as the deal makes str... |
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Beijing monitors foreign financial groups (10 October 03:00) |
| Beijing has stepped up its monitoring of international financial institutions in the country amid fears that the failure of a large foreign group could see the global credit crisis spill ove... |
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Aviva reassures on solvency (10 October 02:50) |
| Shares in Aviva rallied on Thursday after the life and general insurer moved to calm fears over its solvency position by saying it could withstand a further 40 per cent drop in the equity ma... |
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Overview: Sell-off of US equities caps bad day (10 October 02:30) |
| A stunning late afternoon collapse in share prices on Wall Street on Thursday capped volatile trading in global markets as investors remained unconvinced by government and central bank effor... |
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