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Alistair Darling

Darling promises to support banks

Chancellor Alistair Darling pledged again today to do "whatever is needed" to maintain financial stability as he disclosed that depositor protection for savers may rise again from the planned £50,000 limit.

Darling pledges to support banks

Stock markets have fallen sharply as the financial crisis intensifies. Chancellor Alistair Darling says the government will do whatever necessary to ensure stability of the financial system. He said that would include action to...

Wall Street joins in global share slump

The Fed said today that it is increasing the amount of credit it makes available to American banks by $900bn Wall Street joined in the global share sell-off today despite another intervention from the Federal Reserve, as fears...

Gordon Brown says Government ready to stop 'irresponsible risktaking' by banks

Gordon Brown has warned that the Government is ready to take action to prevent "irresponsible risk-taking" by banks and other financial institutions. Speaking to the United Jewish Appeal in London, the Prime Minister said...

Financial crisis London stock exchange suffers worst fall in history

The London Stock Exchange fell by more points in a day then ever before as the deepening global financial crisis hit markets across the world. By Robert Winnett, Deputy political editor UK stock market suffers its worst fall in...

Markets pass judgment as sense of inaction surrounds Treasury and Bank

• Demands grow for blanket protection of savers' cash • Chambers of commerce press for interest rate cut The FTSE 100's record points fall yesterday, part of a global stockmarket rout, reflected growing fear that the world...

After record losses on the FTSE and Wall Street, how much worse can it get?

Dow Jones closes below 10,000 for the first time since 2004 550 people 'will lose their jobs every day for 18 months' A bid by Alistair Darling to restore confidence in the banking system failed spectacularly yesterday. As the...

Q&A: How new safety net for savings could benefit you

Published Date: 07 October 2008 What protection do my savings have? As of today, up to £50,000 is protected under the Financial Services Compensation Scheme (FSCS). This is up from £35,000. Is that per person? Yes – so if...

UPDATE 1-Bradford & Bingley bail out angers shareholders

LONDON, Oct 6 (Reuters) - Small Bradford & Bingley shareholders fear that like investors in Northern Rock they stand to lose everything after the government bailed out the bank with a mixture of nationalisation and asset...

Stocks slide despite reassurances

The chancellor on maintaining the stability of the financial system The UK's top share index chalked up its biggest one-day points fall ever as Chancellor Alistair Darling attempted to reassure financial markets. Mr Darling...