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Simon English, Evening Standard14 March 2008, 6:13pm Reader comments (2) The world banking system was plunged into fresh crisis today as one of America's biggest banks teetered on the verge of collapse. WANT TO KNOW MORE? Wall St dives amid fears over Bear Stearns Analysis: Sub-prime sinks Carlyle fund Credit crunch: What it means for you OTHER STORIES US pair 'conned £35m fr ...

Public sector workers doing volunteer work abroad are to have their pension contributions paid for them, following a decision by the government. Contributions for workers such as doctors and teachers will be paid from a £13m fund aimed at boosting public sector volunteering abroad. The head of Voluntary Service Overseas (VSO) welcomed the move. Some 350 UK public servants take up volunteer assignments in developing countries each year. VSO chief Mark Goldring said: "This move is a stro ...

NEW YORK (AP) - Treasurys rallied Friday, benefiting from a stock market unnerved by liquidity troubles at Bear Stearns and data showing unexpectedly mild inflation last month. Bear Stearns Friday revealed it will tap JPMorgan Chase & Co. for a four-week secured loan facility to boost the company's liquidity. JPMorgan will make the loan in conjunction with the New York Federal Reserve. Throu ...

SEATTLE (AP) - Washington Mutual Inc. Chief Executive Officer Kerry Killinger received compensation valued at $14.4 million for 2007, 21 percent less than the previous year, as the nation's largest savings and loan struggled with turbulence in the mortgage and credit markets. Killinger's 2007 salary, $1 million, was unchanged from 2006, according to a company filing with the Securities and Exchan ...