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Global market relief on U.S. move to rescue mortgage giants (International Herald Tribune) |
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Written by Webmaster
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Monday, 14 July 2008 |
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Stocks rose Monday in Europe and declined modestly in Asia, after the Bush administration asked Congress to approve a sweeping rescue package of the beleaguered mortgage finance companies.
Mortgage Mortgage bailout plan boosts dollar (CNN Money)
Greenback gains against euro on U.S. plan to support mortgage giants Fannie Mae and Freddie Mac.
Santander bids for UK mortgage lender (AP via Yahoo! Finance)
Spanish banking giant Banco Santander said Monday it has agreed to buy the British mortgage lender Alliance & Leicester PLC in a deal valued at $2.5 billion.
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Last Updated ( Monday, 14 July 2008 )
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