Monday Papers: UK government prepares to pump £39bn into banks -- other news

Mon Oct 13, 2008 7:52am BST
 
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* Britain prepares to pump more than £39 billion into three of the country's largest banks in a broad-based recapitalisation that could see the UK government end up with controlling stakes in Royal Bank of Scotland and HBOS

* Stephen Hester expected to become new chief executive of RBS as Sir Fred Goodwin falls on his sword

* Barclays wants time to raise its own capital

* Eurozone agrees to an emergency bail-out plan for banks

* Iceland's prime minister threatens to sue the UK government over its reaction to the country's banking crisis

* The future of the Birningham office of Kaupthing Singer & Friedlander in doubt

* Norwegian government injects billions of crowns into banks

* United Arab Emirates intervenes to shore up increasingly fragile confidence and prevent contagion spreading from US

* Fidelity International cuts jobs as funds contract

* City to lose 62,000 jobs in two years, according to Centre for Economics and Business Research

* Confidence among management of Britain's biggest companies has slumped as the financial crisis threatens the wider economy, according to Deloitte

* A gloomy picture of a fast-weakening economy will be painted by a raft of data out this week

* Housebuilders braced for another torrid week as industry data looks set to add another dose of gloom

* Opec to discuss cutting supply as oil price slides

* Iraqi government puts oil reserves up for biggest ever sale

* US and EU plan Iran sanctions

* Iraqi leader tells Britain to send forces home

* Accounting rulemakers are considering easing controversial fair value rules

* Rush to put private commodities contracts on public exchanges

* Sony rules out Playstation 3 price cut before Christmas.

 
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