3 European central banks slash rates
Three European central banks slashed key interest rates Thursday in attempts to stem the recession.

Real Estate Pain on Tap for Smaller Banks
Commercial real estate delinquency rates are spiking hard for some smaller regional banks. The second in a two-part look at a burgeoning trouble spot for banks.

Spanish Banks Agree to Take Control of Metrovacesa (Update3)
Dec. 4 (Bloomberg) -- Six Spanish banks agreed to take control of Metrovacesa SA , the country?s largest property company, from the family that owns most of the stock to settle debt of 2.1 billion euros ($2.7 billion).

Banks move to match interest cut
Northern Ireland's 'big four' banks say they will be matching the latest cut in interest rates by the Bank of England.

Two European banks cut interest rates
LONDON, Dec. 4 (UPI) -- Central banks in Britain and Sweden cut their key interest rates to 2 percent Thursday to provide liquidity to financial markets.

Libor for Dollars Extends Decline as Central Banks Cut Rates
Dec. 4 (Bloomberg) -- The cost of borrowing in dollars for three months in London declined a third day as central banks cut interest rates to unlock credit for companies and consumers.

Europe?s Central Banks Lower Rates to Fight Recession (Update1)
Dec. 4 (Bloomberg) -- Europe?s central banks cut interest rates as policy makers stepped up their response to the credit crisis that has pushed the region into a recession.

Libor for Dollars Extends Decline as Central Banks Cut Rates
Dec. 4 (Bloomberg) -- The cost of borrowing in dollars for three months in London declined a third day as central banks around the world cut interest rates to unlock credit to companies and consumers.

Banks borrow less, investment firms borrow more from Fed's emergency lending program
WASHINGTON - Commercial banks borrowed slightly less from the Federal Reserve's emergency lending program over the past week, while investment firms stepped up their loans.

Banks figure Babcock's survival is in their interests
The banks' bridging loan will keep B&B ticking over until January.

Food banks to seek Va. help
Virginia?s food banks are trying to feed more people in a tight economy by getting help from the state government. The Federation of Virginia Food Banks will ask the General Assembly to fund a $1 million emergency food-purchase program to be shared by the state?s seven food banks. The food banks are requesting $1 million ?because we didn?t think we could get $10 million,? said Roy Peters, a ...

Europe's central banks slash rates
Europe?s central banks slashes key interest rates as policy makers wrestle with a global financial crisis and the threat of a deep recession.

European, U.K. central banks cut rates
The European Central Bank has cut its benchmark interest rate to 2.5 percent, following similar moves by central banks across the continent.

Libor for Dollars May Extend Decline as Central Banks Cut Rates
Dec. 4 (Bloomberg) -- The cost of borrowing in dollars for three months in London may decline for a third day as central banks around the world cut interest rates to unlock credit to companies and consumers.

German Stocks Rise for Third Day, Led by Banks; Lufthansa Gains
Dec. 4 (Bloomberg) -- German stocks gained for a third day after a bigger-than-estimated reduction of interest rates in Sweden bolstered speculation that central banks will step up efforts to revive the economy.

Banks borrow less, investment firms borrow more
By JEANNINE AVERSA Commercial banks borrowed slightly less from the Federal Reserve's emergency lending program over the past week, while investment firms stepped up their loans. The Fed's report, released Thursday, showed commercial banks averaged $90.3 billion in daily borrowing over the week ending Wednesday. That was down from $93.6 billion in average daily borrowing logged over the week ...

European central banks slash rates
Major European central banks took unprecedented action on Thursday to ward off spreading recessions, slashing their benchmark lending rates.

Banks flex muscle on Hanover
Banks ranking ahead of Hanover Finance with mortgages on toxic property developments are foreclosing, forcing fire sales that could lose Hanover millions in writedowns.

Banks to face new liquidity rules
Banks will be told by the City regulator how much liquidity they must hold under new rules which will come into force next year.

Global central banks cut interest rates
Central banks around the globe upped the ante sharply on Thursday with a series of dramatic interest rate slashes to fight a deepening recession.