EU resists plan for bail-out fund
EU policymakers stressed the need for a common approach to the financial crisis, but stopped short of suggesting they would resurrect a short-lived proposal to set up an EU-wide bail-out fund for troubled banks
Fuld says Lehman was victim of 'tsunami'
Dick Fuld, chief executive of the failed investment bank, said he did everything he could to save his company from collapse, but was overwhelmed by a 'financial tsunami'
Fed takes steps to bolster liquidity
The Federal Reserve said it would increase the size of its key TAF lending facility to commercial banks, pay interest on excess reserves to smooth liquidity operations, and allow money market funds to borrow via banks to fund their holdings of commercial paper
Darling vows to keep all options open
The chancellor did not indicate to MPs whether the government was poised to buy stakes in banks to strengthen their capital position, but said officials were examining a variety of responses to the crisis
Germany guarantees savings
Germany said it would guarantee all private German bank accounts – currently worth €568bn – in a dramatic move to prevent panic withdrawals as fears over the worldwide financial crisis spread to Europe's largest economy
Iceland acts to guarantee deposits
Iceland guaranteed all deposits in the country's banks as it sought to reassure local savers about the health of the country's beleaguered financial system
Obama to hit back at McCain tactics
Barack Obama is expected to hit back aggressively against John McCain after the Republican gave the go-ahead to a fresh wave of attacks against the Illinois senator's character and patriotism as the Democrat consolidates his lead in the presidential race
Liberia is 'fastest-improving African nation'
The island of Mauritius is the best-run country in Africa, Somalia the worst, and Liberia the fastest-improving, according to a comprehensive index of governance standards in the region
Suicide bomber kills 12 in Pakistan
A suicide bomber killed at least 12 people and wounded a leading Pakistani opposition politician and member of the minority Shi'ite Muslim community, police said