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Overview shows traders work on the trading floor of the Frankfurt stock exchange October 16, 2008. (Alex Grimm/Reuters)

Merrill 3Q loss widens on mortgage-related charges (AP)

19:15 16.10.2008

AP - Merrill Lynch says it third-quarter loss widened as it took more than $12 billion in charges from the sale of mortgage-related investments and fallout from the continued credit crisis.

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Swiss government injects six billion francs into UBS 
    (AFP)

Swiss government injects six billion francs into UBS (AFP)

19:15 16.10.2008

AFP - The Swiss government injected six billion francs into banking giant UBS on Thursday, and the central bank lent it 54 billion dollars to transfer its non-liquid assets into a separate fund. More»

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