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  • Scramble to save banks as IMF warns of meltdown (Reuters)

    Egypt's Finance Minister and International Monetary and Financial Committee (IMFC) Chairman Youssef Bourtos-Ghali (2nd R), International Monetary Fund (IMF) Managing Director Dominique Strauss-Kahn (C), IMF's First Deputy Managing Director John Lipsky (2nd L) and IMF Secretary Shailendra Anjaria (R) attend the meeting of the IMFC at IMF Headquarters in Washington October 11, 2008. (Stephen Jaffe/IMF/Handout/Reuters)Reuters - Rich nations rushed to shore up the global financial system after the International Monetary Fund warned of meltdown, with Australia and New Zealand guaranteeing bank deposits and newspapers reporting plans for Britain's biggest retail bank rescue.



  • Australia to guarantee bank deposits
    Australian Prime Minister Kevin Rudd said Sunday that his government will guarantee all deposits in the country's banks and financial institutions for the next three years.


  • Gold rush
    Austria's mint flat out as investors seek safety
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