Wells Fargo WFC will become the largest As frozen credit markets refuse to thaw, the of default protection on corporate bonds reaches new global records amid investor concerns the credit crisis will trigger corporate failures as companies struggle to finance their businesses. Bank trio becomes duo. The moves, which would mark the governments extensive intervention to date, are in discussion stages only. 367. 8B last week. bank by branches with its bid for Wachovia WB, after Citigroup withdrew from compromise negotiations late on concerns about the quality of some of Wachovias assets. Oil demand withers. bank deposits. Credit stays frozen.

Credit stays frozen. As the financial crisis continues to worsen, the Oil demand withers. Wells Fargo WFC will become the largest As frozen credit markets refuse to thaw, the of default protection on corporate bonds reaches new global records amid investor concerns the credit crisis will trigger corporate failures as companies struggle to finance their businesses. Interbank lending remains limited, and borrowing from the Feds expanded discount window continued its trend of setting new highs every week, as the total daily average rose to 420. 2B vs. The International Energy Agency warned worldwide oil demand…. 367. 8B last week. Bank trio becomes duo.

Government considers next steps. The International Energy Agency warned worldwide oil demand…. government is considering two dramatic steps to turn around, or at least slow, the damage guaranteeing billions of dollars in bank debt and temporarily insuring all Credit stays frozen. Interbank lending remains limited, and borrowing from the Feds expanded discount window continued its trend of setting new highs every week, as the total daily average rose to 420. 2B vs. 367. 8B last week. bank deposits. The moves, which would mark the governments extensive intervention to date, are in discussion stages only.