World banks continue to try to avert credit crunch
Banks around the world have been pumping money into financial markets, in a desperate attempt to stabilise them against a credit crunch that could lead to recession. The European Central Bank (ECB) took the lead, with an injection of 95 billion euros, which was soon followed by the US Federal Reserve’s injection of $24 billion. Asian banks [...]
World banks continue to try to avert credit crunch
