Citigroup considers fire sale as shares dive
Bank sees share price drop below $4 in New York for first time in 15 years / Pandit insists Smith Barney is not for sale
Inside Business
Nationalisation threat to banks
The Government is using the threat of a wholesale nationalisation of banks in an attempt to force institutions to lend billions to small companies.
- Sony hikes prices as yen value soars
- Private equity targets Bank of Ireland
- Footsie ends week on five-year low
- Market turmoil sends investors fleeing into Treasuries
- Clothing retailer Mark One put into administration again
- Honda to halt production for two months
- Citigroup attempts to reassure on stability
David Prosser: A lending scandal of the Chancellor's own making
Outlook: Have you ever tried controlling a gang of naughty toddlers intent on going their own way whatever the threatened punishment? Then you probably have some inkling of how Alistair Darling feels about Britain's biggest banks right now. They've had some delicious lollipops in the form of a massive state bailout, but that wasn't enough to get them lending again.
- David Prosser: Don't forget those about to fall off the ladder
- David Prosser: Thank heavens the BBC Trustsaw sense
- Hamish McRae: Treasury's dreadful position means a long squeeze on living standards
- David Prosser: There is no end in sight for the great retail recession
- David Prosser: The real housing crisis is still ahead of us
Investors await sign it is safe to go back into stock markets
Traditional 'buy signals' and low valuations are not enough to attract buyers
Market Report: Woolies plunges on fears of collapse in talks
The battle for Woolworths hit a critical stage at the end of the week, and the market was predicting the worst yesterday. The DVD to pick 'n' mix store has been in talks to sell its retail arm to the restructuring group Hilco for £1, but talk swept the market in the afternoon that the negotiations had collapsed.
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Read
1 Citigroup considers fire sale as shares dive
2 David Prosser: A lending scandal of the Chancellor's own making
3 Sony hikes prices as yen value soars
4 Investors await sign it is safe to go back into stock markets
5 Private equity targets Bank of Ireland
6 How India caught the world's cold
7 David Prosser: The real housing crisis is still ahead of us
8 Market Report: Woolies plunges on fears of collapse in talks
9 David Prosser: Don't forget those about to fall off the ladder
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Columnist Comments
• Andrew Grice: The Chancellor must consider tax hikes.
Despite the weight on his shoulders, the Chancellor remains remarkably calm.
• Howard Jacobson: The lesson of Hitler's deformity.
So Hitler actually did have only one ball. I call that a pity for history.
• Deborah Orr: Praising the public on pointless decisions.
People power, as it pertains to television anyway, is proving to be a tricky beast.
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