Marketplace®

Daily business news and economic stories
  • Six central banks — including those of the U.S., Japan and Switzerland — have added another $180 billion worth of credit into the global banking system. They're all trying to get banks lending money again. John Dimsdale reports.

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  • With the financial crisis still worsening, central banks around the world plan to pump money into the global markets to provide liquidity. Stacey Vanek-Smith gets an assessment from an economist at Barclay's Capital.

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  • The action by the central banks is the latest effort to solve the crisis in the world financial markets. Stacey Vanek-Smith talks with a reporter with the Financial Times about how effective this will be.

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  • Lloyds TSB has announced that it will pay $22.2 billion for troubled lender HBOS, a deal that makes Lloyds the UK's largest bank. British authorities apparently approve. Megan Williams reports.

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  • Barclays is already on Wall Street with its small bank Barclays Capital, but chief executive John Varley said he wanted more. Buying key Lehman assets would do the trick. Amy Scott reports.

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  • Now comes word that even a money market fund is losing money for investors. Scott Jagow turns to economics correspondent Chris Farrell to find out what he's telling people to make them feel better.

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  • Commentator David Frum sees the point some are making about the credit crisis — that what's needed to fix things is the strong hand of government. But he strongly disagrees.

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  • The government's been throwing cash around willy-nilly to bail out Bear Stearns, AIG and Fannie and Freddie. Where's all that money coming from? And how often can Bernanke and Paulson keep going back to that well? John Dimsdale reports.

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  • In the year-and-a-half since Fed Chairman Ben Bernanke said the credit crisis would be contained, the markets have kept a mostly cautious stance. But a couple of weeks ago things changed — and not for the better. Bob Moon reconstructs the course of events.

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  • Kai Ryssdal takes us back to the point at which the financial markets' problems began — five years ago when the Fed made it cheap to borrow money and Wall Street took advantage, devising complicated investment schemes that hid their high risk.

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