World banking crisis on Yahoo! Canada News Photos

Street signs mark the intersection of Main Street and Wall Street ...

(Reuters) — Fri, 10 Oct 2008 18:58:00 GMT

(Reuters) - Street signs mark the intersection of Main Street and Wall Street in Windom, Texas October 8, 2008. REUTERS/Jessica Rinaldi

A man walks by a Wall Street subway stop sign in New York October ...

(Reuters) — Fri, 10 Oct 2008 16:06:00 GMT

(Reuters) - A man walks by a Wall Street subway stop sign in New York October 10, 2008. REUTERS/Shannon Stapleton (UNITED STATES)

A Wall Street subway stop sign is seen in New York October 10, ...

(Reuters) — Fri, 10 Oct 2008 15:43:00 GMT

(Reuters) - A Wall Street subway stop sign is seen in New York October 10, 2008. REUTERS/Shannon Stapleton (UNITED STATES)

A man walks by a Wall Street building address in New York October ...

(Reuters) — Fri, 10 Oct 2008 15:42:00 GMT

(Reuters) - A man walks by a Wall Street building address in New York October 10, 2008. REUTERS/Shannon Stapleton (UNITED STATES)

Street signs mark the intersection of Main Street and Wall Street ...

(Reuters) — Wed, 08 Oct 2008 21:20:00 GMT

(Reuters) - Street signs mark the intersection of Main Street and Wall Street in Windom, Texas October 8, 2008. REUTERS/Jessica Rinaldi (UNITED STATES)

A street sign marks the intersection of Main Street and Wall ...

(Reuters) — Wed, 08 Oct 2008 21:20:00 GMT

(Reuters) - A street sign marks the intersection of Main Street and Wall Street in Windom, Texas October 8, 2008. REUTERS/Jessica Rinaldi (UNITED STATES)

A view of a branch of a TD Canada Trust bank in Toronto November ...

(Reuters) — Wed, 08 Oct 2008 19:23:00 GMT

(Reuters) - A view of a branch of a TD Canada Trust bank in Toronto November 9, 2007. REUTERS/Mark Blinch

A Royal Bank of Canada (RBC) logo is seen at a branch in Toronto ...

(Reuters) — Wed, 08 Oct 2008 18:15:00 GMT

(Reuters) - A Royal Bank of Canada (RBC) logo is seen at a branch in Toronto November 9, 2007. REUTERS/Mark Blinch

Bank of Canada Governor Mark Carney leaves his office for a ...

(Reuters) — Wed, 08 Oct 2008 12:53:00 GMT

(Reuters) - Bank of Canada Governor Mark Carney leaves his office for a news conference upon the release of the Monetary Policy Report in Ottawa July 17, 2008. REUTERS/Chris Wattie

Signs marking the entrance to Wall Street are seen in New York ...

(Reuters) — Mon, 06 Oct 2008 19:22:00 GMT

(Reuters) - Signs marking the entrance to Wall Street are seen in New York October 6, 2008. U.S. stocks slid more than 6 percent on Monday, with the Dow diving to its lowest level in almost five years, on fears the global economy was hurtling into recession despite government efforts to contain the fast-spreading financial crisis. REUTERS/Shannon Stapleton (UNITED STATES)

Traders work on the New York Stock Exchange floor, Monday Oct. ...

(CP) — Mon, 06 Oct 2008 19:10:34 GMT

(CP) - Traders work on the New York Stock Exchange floor, Monday Oct. 6, 2008. Wall Street tumbled again Monday, joining a sell-off around the world as fears grew that the financial crisis will cascade through economies globally despite bailout efforts by the U.S. and other governments. (AP Photo/Richard Drew)

A Wall Street road sign in front of the New York ...

(AFP) — Mon, 06 Oct 2008 15:42:00 GMT

(AFP) - A Wall Street road sign in front of the New York Stock Exchange on September 16. Barack Obama and John McCain have both declared war on lobbyists, but with tighter regulation of the financial sector ahead, the dark arts of the profession are in demand, experts have said. Photo:Stan Honda/AFP

U.S. Republican presidential nominee Senator John McCain (R-AZ) ...

(Reuters) — Fri, 03 Oct 2008 20:59:00 GMT

(Reuters) - U.S. Republican presidential nominee Senator John McCain (R-AZ) delivers a statement on the tarmac in Flagstaff, Arizona October 3, 2008 about the passage of the Wall Street bailout bill. 'This rescue bill isn't perfect. It's an outrage that it's even necessary,' the Arizona senator told reporters. REUTERS/Brian Snyder (UNITED STATES) US PRESIDENTIAL ELECTION CAMPAIGN 2008 (USA)

A Wall Street sign is seen on the side of a building as people ...

(Reuters) — Fri, 03 Oct 2008 16:43:00 GMT

(Reuters) - A Wall Street sign is seen on the side of a building as people walk past in New York October 3, 2008. U.S. stocks advanced on Friday as Wells Fargo's proposed acquisition of troubled U.S. bank Wachovia Corp lifted financial shares and the House of Representatives readied to a vote on a $700 billion plan to shore up financial markets. Investors bet the House, which earlier this week rejected the legislation, would pass a revised bill to stabilize the U.S. financial sector. REUTERS/Shannon Stapleton (UNITED STATES)

US Speaker of the House Nancy Pelosi speaks during ...

(AFP) — Fri, 03 Oct 2008 13:59:00 GMT

(AFP) - US Speaker of the House Nancy Pelosi speaks during a press conference on Capitol Hill in Washington, DC on October 2. The House of Representatives is set to vote on a reworked version of a 700-billion-dollar Wall Street bailout, with leading Democrats optimistic the package will pass this time. Photo:Jim Watson/AFP

Dan Wilson speaks with a Reuters reporter about how the economic ...

(Reuters) — Fri, 03 Oct 2008 13:41:00 GMT

(Reuters) - Dan Wilson speaks with a Reuters reporter about how the economic crisis on Wall Street has been affecting his business at the flea market in Canton, Texas October 2, 2008. Americans have an enduring love affair with such markets but they are slumping as much as those devoted to stocks. Cash may be king for most of the hawkers but the credit crunch is still biting. Several interviewed by Reuters said business has never been so bad. REUTERS/Jessica Rinaldi (UNITED STATES)

Bob 'Buffalo' Kotch is reflected in a mirror as he talks with ...

(Reuters) — Fri, 03 Oct 2008 13:33:00 GMT

(Reuters) - Bob 'Buffalo' Kotch is reflected in a mirror as he talks with a Reuters reporter about how the economic crisis on Wall Street is affecting sales at his booth which sells jewellery at a flea market in Canton, Texas October 2, 2008. Americans have an enduring love affair with such markets but they are slumping as much as those devoted to stocks. Cash may be king for most of the hawkers but the credit crunch is still biting. Several interviewed by Reuters said business has never been so bad. REUTERS/Jessica Rinaldi (UNITED STATES)

Wholesaler Danny Cavazos speaks to a Reuters reporter about ...

(Reuters) — Fri, 03 Oct 2008 13:25:00 GMT

(Reuters) - Wholesaler Danny Cavazos speaks to a Reuters reporter about how the economic crisis on Wall Street is affecting his business at a flea market in Canton, Texas October 2, 2008. Americans have an enduring love affair with such markets but they are slumping as much as those devoted to stocks. Cash may be king for most of the hawkers but the credit crunch is still biting. Several interviewed by Reuters said business has never been so bad. REUTERS/Jessica Rinaldi (UNITED STATES)

Pedestrians walk down Wall Street in New York ...

(AFP) — Thu, 02 Oct 2008 16:06:00 GMT

(AFP) - Pedestrians walk down Wall Street in New York City. US senators passed a new 700-billion-dollar bailout of the debt-stricken financial system but failed to lift Wall Street's gloom while Europe appeared divided over how to battle the crisis. Photo:Spencer Platt/AFP

A protest sign against the 700 billion dollar ...

(AFP) — Thu, 02 Oct 2008 16:06:00 GMT

(AFP) - A protest sign against the 700 billion dollar bailout plan is seen outside the Canon building on Capitol Hill in Washington, DC on October 1, 2008. US have senators passed a new 700-billion-dollar bailout of the debt-stricken financial system but failed to lift Wall Street's gloom while Europe appeared divided over how to battle the crisis. Photo:Jim Watson/AFP

The main points of the revised 700-billion-dollar ...

(AFP) — Thu, 02 Oct 2008 16:06:00 GMT

(AFP) - The main points of the revised 700-billion-dollar Wall Street bailout plan. The US Senate has resoundingly passed a sweetened 700-billion-dollar Wall Street bailout, spurring hopes the House of Representatives would follow suit after killing an earlier bid to avert a world financial meltdown. Photo:/AFP

Graphic showing the main points of the revised ...

(AFP) — Thu, 02 Oct 2008 15:51:00 GMT

(AFP) - Graphic showing the main points of the revised 700-billion-dollar Wall Street bailout plan. The US Senate has resoundingly passed a sweetened 700-billion-dollar Wall Street bailout, spurring hopes the House of Representatives would follow suit after killing an earlier bid to avert a world financial meltdown. Photo:/AFP

Tourists visit Wall Street to take pictures of ...

(AFP) — Wed, 01 Oct 2008 20:49:00 GMT

(AFP) - Tourists visit Wall Street to take pictures of the New York Stock Exchange. The US Senate votes Wednesday on a revised 700-billion-dollar Wall Street bailout after the House of Representatives rejected the original package, sending shockwaves through global markets. Photo:Spencer Platt/AFP

Tourists visit Wall Street to take pictures of ...

(AFP) — Wed, 01 Oct 2008 16:16:00 GMT

(AFP) - Tourists visit Wall Street to take pictures of the New York Stock Exchange. The US Senate is poised to vote on a $700 billion Wall Street rescue, reworked after the House of Representatives rocked global markets by spurning a first plan to quell the financial crisis. Photo:Spencer Platt/AFP

People mill about Wall Street looking at the ...

(AFP) — Wed, 01 Oct 2008 06:37:00 GMT

(AFP) - People mill about Wall Street looking at the iconic New York Stock Exchange building which has become the center of the world's attention. The US Senate will vote Wednesday evening on a revised 700 billion dollar Wall Street bailout package, after the House of Representatives sparked economic turmoil by rejecting an earlier version. Photo:Spencer Platt/AFP

Wall St. is shown in New York. A snapback of some degree wasn't ...

(The Canadian Press) — Wed, 01 Oct 2008 00:41:00 GMT

(The Canadian Press) - Wall St. is shown in New York. A snapback of some degree wasn't unexpected as carnage on Wall Street often attracts bargain hunters. THE ASSOCIATED PRESS/Mark Lennihan

Wall St. is shown in New York. A snapback of some degree wasn't ...

(The Canadian Press) — Wed, 01 Oct 2008 00:09:00 GMT

(The Canadian Press) - Wall St. is shown in New York. A snapback of some degree wasn't unexpected as carnage on Wall Street often attracts bargain hunters. Still, questions remain about how Wall Street will proceed without a bailout plan in place to absorb soured mortgage and other debt from banks' balance sheets and restore confidence in lending. THE ASSOCIATED PRESS/Mark Lennihan

A trader contemplates as the electronic board shows figures ...

(The Canadian Press) — Tue, 30 Sep 2008 21:14:00 GMT

(The Canadian Press) - A trader contemplates as the electronic board shows figures in color red during trading at the Philippine Stock Exchange. The composite index fell 37.93 points to 2,569.65 after plunging 6.0 percent in early trade with shares closing 1.4 percent lower following the the collapse of the Wall Street bailout package. THE ASSOCIATED PRESS/Pat Roque

The Bank of Canada plans to inject cash into an increasingly ...

(CBC) — Tue, 30 Sep 2008 15:49:44 GMT

(CBC) - The Bank of Canada plans to inject cash into an increasingly shaky credit system on Wednesday by lending as much as $4 billion to commercial banks and investment dealers through what are called purchase and resale agreements.

The Bank of Canada and other central banks have expanded their ...

(CBC) — Mon, 29 Sep 2008 17:42:01 GMT

(CBC) - The Bank of Canada and other central banks have expanded their currency swap deals with the U.S. Federal Reserve to have U.S. dollars handy if they need to lubricate seized-up credit markets.

(From left) US Senate Majority Leader Harry Reid, ...

(AFP) — Mon, 29 Sep 2008 12:13:00 GMT

(AFP) - (From left) US Senate Majority Leader Harry Reid, House Speaker Nancy Pelosi and Senate Banking, Housing and Urban Affairs Committee Chairman Christopher Dodd in Washington, DC on September 28. US lawmakers have agreed a 700-billion-dollar bailout for debt-stricken Wall Street banks and sent the legislation aiming to stem the US financial crisis for Congress to start voting on. Photo:Chip Somodevilla/AFP

People rally in front of the New York Stock Exchange ...

(AFP) — Sun, 28 Sep 2008 16:26:00 GMT

(AFP) - People rally in front of the New York Stock Exchange against the proposed Wall Street bailout plan on September 25. US lawmakers hailed a breakthrough in talks on 700-billion dollar bailout to avert the worst financial crisis since the Great Depression, and worked to finalize a deal. Photo:Spencer Platt/AFP

Demonstrators protest in front of the New York ...

(AFP) — Sat, 27 Sep 2008 16:06:00 GMT

(AFP) - Demonstrators protest in front of the New York Stock Exchange against the $700bln Wall Street bailout plan on September 25. Democrat Barack Obama and Republican John McCain made bullish victory claims as the dust settled from a feisty first presidential debate clash, in the shadow of the grave Wall Street crisis. Photo:Nicholas Roberts/AFP

Demonstrators protest against the proposed $700bln ...

(AFP) — Sat, 27 Sep 2008 15:23:00 GMT

(AFP) - Demonstrators protest against the proposed $700bln Wall Street bailout in front of the New York Stock Exchange on September 25. US lawmakers are back at the negotiating table in a bid to draw up a 700-billion dollar Wall Street bailout by the time markets reopen after the weekend break. Photo:Nicholas Roberts/AFP

People lay underneath the iconic Wall Street ...

(AFP) — Fri, 26 Sep 2008 15:26:00 GMT

(AFP) - People lay underneath the iconic Wall Street bull during a rally in the financial district against the proposed government buyout of financial firms in New York City. An angry US public and Congress are pushing to snip the rip cord on golden parachutes used by fat cat CEOs to escape Wall Street's mayhem. Photo:Spencer Platt/AFP

Demonstrators protest against the proposed $700bln ...

(AFP) — Fri, 26 Sep 2008 12:56:00 GMT

(AFP) - Demonstrators protest against the proposed $700bln Wall Street bailout plan in front of the New York Stock Exchange on September 25. Deadlock over a 700 billion dollar bailout in the United States and the collapse of another institution forced central banks to pump more money into markets as analysts spoke of 'extreme' tension threatening the banking system. Photo:Nicholas Roberts/AFP

Bank of Canada Governor Mark Carney. THE CANADIAN PRESS/Tom ...

(The Canadian Press) — Thu, 25 Sep 2008 23:22:00 GMT

(The Canadian Press) - Bank of Canada Governor Mark Carney. THE CANADIAN PRESS/Tom Hanson

People lay underneath the iconic Wall Street ...

(AFP) — Thu, 25 Sep 2008 21:35:00 GMT

(AFP) - People lay underneath the iconic Wall Street bull during a rally in the financial district against the proposed government buyout of financial firms in New York City. Senior US lawmakers announced Thursday the outlines of a deal to rescue Wall Street and shore up the fragile economy, but some Republicans were hesitant as emergency talks convened at the White House. Photo:Spencer Platt/AFP

Canada's central bank chief sees a bright side to the latest ...

(CBC) — Thu, 25 Sep 2008 18:53:29 GMT

(CBC) - Canada's central bank chief sees a bright side to the latest world financial crisis. Because it has hit so hard, it may be over sooner, he reckons.