To tackle the current banking crisis, European leaders have agreed and plan as they announced that no big bank would be allowed to declare itself bankrupt.
In their meeting in Paris, the European leaders announced that they would guarantee loans between banks by the end of 2009 and keep money in them for buying preference shares.
French [...]

To save one of Germany’s biggest banks, the finance ministry of the country has agreed a 50bn euro rescue deal.
This deal to save Hypo Real Estate Bank is worth 15m euros and it’s more than the first rescue attempt that broke on Saturday.
Earlier this week, an unlimited guarantee for all private savings was announced by [...]

To tackle the worst financial crisis of the decades, US Treasury Secretary Henry Paulson urges Congress to quickly pass a $700bn package.
According to the plan a fund will be set up to buy back much of the bad debt that financial institutions and banks around the world hold.
In an Interview with US television, Paulson called [...]

WASHINGTON: Tackled with the stresses at each turn enhancing redundancy, shattering development, credit problems and mounting inflation, the Federal Reserve left a vital interest rate fixation, carrying a risk that is the best ploy was no move by any means.
The next direction for rates possibly is expected to be inclined even till the next year [...]

SEATTLE - Microsoft has started reverse counting for Yahoo to acknowledge its $41 billion takeover offer in a letter to the Internet pioneer’s board Saturday. They warned that if the deal wasn’t reached by April 26 the software maker would begin an unfriendly buyout at a less striking price.
“If we don’t conclude an agreement within [...]