Markets cheer as Europe bails out banks - Reuters - 13 minutes ago
The world's financial stewards bet solidly on recapitalizing ailing banks as the fastest way out of the financial crisis in a clear new direction on Monday that reinvigorated stock markets after their worst week in history.

International fallout from Lehman $300 billion: German regulator - Reuters - 25 minutes ago
The financial fallout from Lehman Brothers Holdings' bankruptcy outside the United States has been about $300 billion, the head of Germany's financial regulator said on Monday, adding that banks in future will face tighter oversight.

Treasury moves on plan to recapitalize banks - Reuters - 29 minutes ago
The U.S. Treasury and Federal Reserve were working on Monday to finalize details on a plan to recapitalize banks and stabilize financial markets in the wake of new measures announced in Europe.

Stocks rally on bank rescues - Reuters - 31 minutes ago
The Nasdaq jumped more than 7 percent on Monday, as stocks rallied on a global push by governments to pump money into cash-strapped banks and paralyzed credit markets showed some signs of loosening up.

Treasury, Fed to meet on financial initiative - Reuters - 1 hour, 30 minutes ago
The U.S. Treasury and Federal Reserve are meeting on Monday with "leading financial market participants" to finalize details on a market stabilization initiative, a Treasury spokeswoman said.

Santander eyes Sovereign in hunt for bargains - Reuters - 2 hours, 1 minute ago
Spain's Santander said it was in talks to acquire Sovereign Bancorp Inc as the euro zone's largest bank hunted for bargains in a sector pummeled by the global financial crisis.

Global stocks, oil rise on sweeping rescue plans - Reuters - 2 hours, 3 minutes ago
Stocks soared globally and crude oil prices jumped on Monday after governments around the world ordered dramatic bank rescue packages to restore market confidence and stop economies from sliding into a slump.