financial sector

European central banks continued to push liquidity at the financial sector Thursday, offering $120 billion to prop up lending between banks.

The British government announced a 50 billion pounds ($87.5 billion) plan on Wednesday to partly nationalize major banks, with taxpayers taking stakes in a bid to shore up a financial sector hard hit by the world financial crisis.

Iceland's banks face a battle for survival Tuesday after government introduced emergency legislation to give itself sweeping new powers over its collapsing financial sector.

Germany's finance minister said Monday he is considering creating a "shield" that would protect the country's entire financial sector, arguing it would not be possible to continue to address troubled financial institutions on a case by case basis.

The European Central Bank, the Bank of England and the Swiss National Bank offered more than $60 billion to markets Monday to try to keep the financial sector flush with cash.

The US House of Representatives has voted by 263-171 in favour of a $700bn (£380bn) plan to rescue the US financial sector.

Most Asian stock markets edged higher Wednesday as Warren Buffett's plan to invest at least $5 billion in Wall Street firm Goldman Sachs helped allay fears about the world's troubled financial sector.

If your work on Wall Street, now is the time to update your resume. No matter how you look at it, the jobs landscape in the financial sector will never look the same.

Regardless of how much the U.S. government ponies up to salvage the financial sector, the global economic hangover may linger for years.

New York previous metals pushed ahead Thursday with a second day of sharp gains. Futures in silver, gold and platinum were up 9 percent, 4.7 percent, and 5.5 percent, respectively.

Continual concern over the global financial sector and its uncertainly lured investors toward traditional safe-haven gold, but the ride was a roller-coaster with sharp ups and downs.