Entries tagged "International banks"
Panic swept throughout the global markets Friday. The Japanese Nikkei tumbled 9.6%, and the London FTSE was down 8.9%. Investors feared outcomes of the U.S. markets, even as international banks injected capital into the markets to help stabilize them. The Bank of Japan injected $45 billion, India's central bank made $8.2 billion available, the European Central Bank gave $100 billion, the Bank of England offered up $10 billion, and the Swiss National Bank provided $10 billion. At the same time Italian Prime Minister Silvio Berlusconi didn't help the international markets by first saying world leaders were discussing shutting down global...
