Skip to: Content
Skip to: Site Navigation
Skip to: Search
WEDNESDAY, NOVEMBER 25, 2009
| Subscribe to Newser's RSS feeds RSS | Follow Newser on Twitter Twitter


0

Banking Jitters Send European Shares Down

Experts remain skeptical a $700 billion US bailout will ease credit woes

Share

(Newser) – Investors drove share prices down across Europe and Asia as bank emergencies multiplied  and news of the $700-billion US bailout deal failed to loosen up frozen credit markets, reports Bloomberg. British mortgage lender Bradford & Bingley was taken over by regulators and a trio of European governments jumped in to pull financial-services firm Fortis back from the brink. 

French bank Dexia saw its shares plunge 23% on rumors it would launch an emergency round of funding and the German government offered a $50 billion bailout to commercial property lender Hypo Real Estate Holdings after its shares plummeted 62%. Experts remain unconvinced that the US bailout will unlock money markets. “The banking crisis is not over,” one fund manager tells Bloomberg.

Brokers work at the stock exchange in Frankfurt, central Germany.
Brokers work at the stock exchange in Frankfurt, central Germany.   (AP Photo/Daniel Roland)
A woman looks into a branch of Bradford & Bingley bank in Croydon, South London.
A woman looks into a branch of Bradford & Bingley bank in Croydon, South London.   (AP Photo/Sang Tan)
A man walks by the London Stock Exchange.
A man walks by the London Stock Exchange.   (AP Photo/Sang Tan)
« Prev« Prev | Next »Next » Slideshow
OFF THE GRID
11.24.09
Murdoch and Microsoft: The Mice Are Trying to Roar
11.23.09
Books Are Bad for You
0 comments
VIEWING:
 
LEAVE A
COMMENT Comment Policy
Facebook ConnectPost this comment to Facebook?

After connecting you will have the option to post your comment on your Facebook profile.

 

Related Newser Stories

365 Stories

 Ousted AIG CEO 
 Builds AIG 2— 
 With AIG Talent 

Greenberg's new insurer poaches AIG employees at taxpayers' expense

Oct 27, 09 7:47 AM CDT
(Newser) - Hank Greenberg built AIG into a $1 trillion behemoth that needed the biggest bailout in history—but quietly, the former CEO has begun a new insurance company, CV Starr, that is poaching some of AIG's leading talent. He just got an unintended assist from the Treasury: Tough new pay rules... More »

MORE ABOUT:
Iraq • executive compensation • insurance • AIG • Hank Greenberg • bailout • financial crisis

 Bailed-Out Banks 
 Boost CEO Perks 

From private jets to bodyguards, they just keep taking

Oct 20, 09 6:32 AM CDT
(Newser) - The CEOs of bailed-out banks and financial companies saw their perks and benefits—ranging from private jet use and country club membership to free parking and bodyguards—rise even at the height of the crisis last year. On average, the CEOs of the 29 biggest companies that received federal money... More »

MORE ABOUT:
executive compensation • CEO • bank • bailout • executives • financial crisis • perks

Feds Weigh New Bailouts
for Smaller Banks

Congressional Dems on board with plan to help institutions hammered by real estate

Sep 25, 09 6:40 PM CDT
(Newser) - With the residential and commercial real-estate markets continuing to hammer smaller US banks, the Treasury and other federal agencies are trying to diagram help for institutions considered too much of a gamble under original bailout terms. Congressional Democrats are “very, very supportive” of such a move, a source tells... More »

MORE ABOUT:
real estate • House Financial Services Committee • housing bubble • bailout • Jeb Hensarling • financial crisis • small banks

365 Stories


Markets impatient for US bailout
Associated Press

Dollar rallies, markets sag on bank worries
Daily FX


Business 
TwitterFollow @NewserBusiness on Twitter

 
Asian stocks • bailout • European stocks • credit market chaos • financial crisis • Dexia

from our news partners