US stocks recovered some of their early losses, having hit 13-year lows on the back of details of a government plan to take a 36 per cent stake in Citigroup
and more negative economic data
Feb 27
Feb 27
London equities fell as fears about the health of the global financial system intensifted. Lloyds Banking Group unveiled the extent of losses at HBOS but failed to give details on the extent to which it would need to use the government’s asset protection scheme.
Feb 27
Extending the debt guarantee programme could end the bank stand-off, writes Michael Mackenzie
