MSM: The Bank Showing ‘Restraint’…With A 48% Rise in Bonuses

(Express) – GREEDY bankers are still paying themselves huge bonuses in an arrogant disregard of the anger felt by millions of people who are battling to survive the recession.

MSM: British economic collapse rivals Great Depression

(Telegraph) – The collapse in Britain’s economy now rivals the worst days of the Great Depression, it has emerged.

MSM: ‘Worst financial crisis in human history’: Bank boss’s warning as pound suffers biggest fall for 37 years

• Economy outstrips forecasts to shrink by 0.5%
• Pound suffers worst fall against dollar for 37 years
• FTSE plunges 9% before rallying to close down 5%
  
• Asian markets tumble for a third day amid global fears
• Europe and Asia to work together to deal with crisis, Miliband pledges
  

European stock markets in freefall following Paris financial summit

The response of European stock markets to the crisis summit held in Paris on Saturday could have not been clearer. On Monday, share prices across Europe plummeted.

The Dax (Frankfurt) lost 7 percent, the TecDax 11 percent, the FTSE 100 (London) 8 percent and the CAC 40 (Paris) 9 percent. In Iceland, share trading was halted altogether. Following the nationalisation of the country’s third biggest bank, the government itself was threatened with bankruptcy.

London suffers sharpest fall since ’87…

The UK’s index of leading shares dropped more than 300 points shortly after the open and continued falling during a tumultuous day’s trading. By 3:30pm in London the index was off 335 points, or 6.7pc. It has not fallen more in a day since October 1987.

MSM: CNN – World stocks get hit

	Oct 6 7:06am†	Change	%Change	Level
	FTSE 100	-272.96	-5.48%	4,707.29
	XETRA-DAX	-322.07	-5.56%	5,474.96
	CAC 40	-250.71	-6.14%	3,830.04
	HANG SENG	-878.64	-4.97%	16,803.76
	NIKKEI 225	-465.05	-4.25%	10,473.09
	U.S. Dollar vs Euro	-0.0037	-0.27%	1.3592
	U.S. Dollar vs Yen	-1.8100	-1.72%	0.0097
	U.S. Dollar vs UK £	-0.00	-0.18%	1.76