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Europe shares fall 3.6 pct; Lehman weighs on banks
15 Sep 2008 source: iii.co.uk

FRANKFURT, Sept 15 (Reuters) - European shares fell sharply on Monday, led by financials such as UK mortgage bank HBOS on Wednesday. LandesBank Berlin (LBB) said the latest events showed that an end to the financial crisis was definitely not in sight. "Especially in the United States, it is impossible to say whether other big financial institutes will fall into the abyss," LBB said in  ...


Mesa Uranium buys potash property, combines shares
15 Sep 2008 source: iii.co.uk

TORONTO, Sept 15 (Reuters) - Mesa Uranium Corp has acquired potash exploration rights on a property in Utah and will consolidate its shares on a one-for-three basis, the company said on Monday. The White Cloud potash project, spanning 25,500 acres (40 square miles) is located in the Paradox Basin close to the company's Lisbon Valley uranium project, an area categorized as a high "kno ...


National City wins OK for $7 bln, taps interim CFO
15 Sep 2008 source: iii.co.uk

NEW YORK, Sept 15 (Reuters) - National City Corp, a U.S. Midwest regional bank battered by mortgage losses, has won stockholder approval to authorize new shares to allow for a $7 billion capital infusion, the bank said on Monday. The Cleveland-based bank said shareholders authorized an increase in the maximum shares outstanding to 5 billion from 1.4 billion. Shareholders also approved the c ...


FTSE drops 3.9% as Lehman failure heightens fear
15 Sep 2008 source: iii.co.uk

LONDON Sept 15 (Reuters) - Britain's benchmark share index ended almost 4 percent lower on Monday as banks plunged after U.S. investment bank Lehman Brothers filed for bankruptcy protection. The FTSE 100 dropped 212.5 points, or 3.9 percent, to 5,204.2 -- its biggest one-day percentage fall since Jan 21. Media reports that insurer American International Group had asked the Federal Reserve for a  ...


EURO GOVT-Bunds surge as Lehman failure roils markets
15 Sep 2008 source: iii.co.uk

LONDON, Sept 15 (Reuters) - Euro zone government bond yields tumbled and interest rate futures surged on Monday after U.S. bank Lehman Brothers succumbed to the year-long credit crisis, hitting stocks and boosting bids for less risky government debt. In the latest twists to the U.S. banking crisis, Lehman Brothers filed for bankruptcy protection, Bank of America agreed to buy Merrill Lynch and re ...


Paragon says rejects $657 mln approach, ends talks
15 Sep 2008 source: iii.co.uk

LONDON, Sept 15 (Reuters) - British buy-to-let mortgage lender Paragon Group Of Companies Plc said it had ended all talks about a possible takeover of the company, having rejected an approach worth 373 million pounds ($657 million). Paragon shares ended 14.7 percent lower at a nine-week closing low of 81 pence on Monday. Paragon, which first said on July 22 it was in takeover talks with several  ...


LSE's dark pool to go ahead despite Lehman
15 Sep 2008 source: iii.co.uk

LONDON, Sept 15 (Reuters) - London Stock Exchange's foray into the "dark liquidity pool" business will not be stopped by the bankruptcy filing of Lehman Brothers, the exchange said on Monday. The LSE announced the pan-European off-exchange trading platform, Baikal, with Wall Street bank Lehman Brothers in June, in response to increasing competition from new entrants. "It has had a ...


Lehman, Merrill shake markets
15 Sep 2008 source: today.reuters.co.uk

By Dan Wilchins and Jennifer Ablan NEW YORK (Reuters) - Global markets plummeted on Monday after investment bank Lehman Brothers filed for bankruptcy protection, rival Merrill Lynch agreed to be taken over and the Federal Reserve threw a life line to the battered financial industry. As a deepening crisis took new, bigger victims, the U.S. Federal Reserve said for the first time it wo ...


Wall St sinks on Lehman's demise, AIG fears
15 Sep 2008 source: today.reuters.co.uk

By Steven C. Johnson NEW YORK (Reuters) - Stocks slid on Monday as a bankruptcy filing by U.S. investment bank Lehman Brothers Holdings Inc and cascading fears about the stability of other major financial institutions spooked global markets. Financial services companies' shares led the steep decline as investors worried about the impact of the credit crisis on firms' profit outlook a ...


WRAPUP 1-Consolidation strikes Denmark's banks
15 Sep 2008 source: iii.co.uk

COPENHAGEN, Sept 15 (Reuters) - The Danish banking sector, which is brimming with more than 100 small local lenders, saw two deals on Monday, prompted by last month's collapse of Roskilde and by the expansionary plans of a big Swedish bank. Sweden's Handelsbanken said it had bid 810 million Danish crowns ($152 million) for Lokalbanken Nordsjaelland <LOKA.CO>, a bank headquartered in wealthi ...


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