Central Bankers to Lend Billions in Credit Crisis
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Led by the Fed, five central banks announced an aggressive infusion of capital into the banking system, hoping to ease the credit crunch.
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401(k) credit card would give millions of American workers the chance to borrow their own money from their retirement savings plans.
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The Bank of England agrees to give emergency financial support to mortgage lenders Northern Rock.
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FINANCIAL STORM: Federal Reserve Chairman Ben Bernanke vowed to do all that is necessary to protect the national economy from the ill effects of a global credit crunch.
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The Bank of England has lent banks Â£10bn, a move that should ease the impact of the global credit crunch.
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The European Central Bank emphasized on Thursday it needed more time to assess the fallout from recent turbulence on global credit markets but policymakers said they are ready to tackle inflation dangers if needed.
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The ECB floods the European banking system with $500 billion. Will it cure the Continent's financial gridlock?
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NEW YORK/DETROIT  - Ford Motor Co.  said on Monday it plans to borrow $18 billion by pledging assets as collateral, an unprecedented requirement that highlights its worsening financial condition.
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Plan to bail out struggling sub-prime mortgage defaulters soothes troubled financial markets.
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The Federal Reserve is providing the loans as part of an unprecedented auction process to ease a global credit crisis and make sure financial institutions can keep lending to customers.
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The European Central Bank on Tuesday pumped 348 billion euros ($500 billion) into the financial system, easing conditions in credit markets.
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The central bank said it would inject the funds into money markets that have been hit by the meltdown in the U.S. mortgage sector.  It left its benchmark rate unchanged Thursday.
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The Fed makes billions of dollars available to banks in an auction in a bid to ease credit-crunch concerns.
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Britain's fifth largest mortgage lender recieved emergency funding from the Bank of England in an attempt to head of a liquidity crisis.
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More participants will join a credit rescue plan that three lead banks are setting up to help stabilize the asset-backed commercial paper market, but it will be temporary, a senior U.S. Treasury official said on Saturday.
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A surprise move by central banks to inject huge amounts of cash into money markets has had an immediate effect.
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The government says it will cover losses by financial institutions providing money to the troubled bank.