European shares in freefall
10 Oct 2008 4:26pm GMT European stocks plunged by around ten percent on Friday afternoon, after Wall Street started badly as part of a global equities rout.
Iceland govt takes last bank
9 Oct 2008 4:38pm GMT Iceland has seized control of its biggest bank Kaupthing, as it grapples to control the financial crisis which threatens to bankrupt the country.
Muted response to rate cut
8 Oct 2008 5:02pm GMT Despite a concerted cut in interest rates and a UK bank rescue, markets could not shrug off recession fears.
EU raises deposit guarantee level
7 Oct 2008 4:50pm GMT EU finance ministers, seeking a confidence-booster as the global financial crisis pounded Iceland and UK banks, agree a hike in minimum levels of bank deposit insurance across the 27 European Union countries.
Stocks tank on uncertainty
6 Oct 2008 3:57pm GMT European stocks fell to their lowest level in four years as governments scramble to guarantee deposits and save banks.