3 European central banks slash rates
Three European central banks slashed key interest rates Thursday in attempts to stem the recession.

Banks move to match interest cut
Three of Northern Ireland's 'big four' banks say they will be matching the latest cut in interest rates.

Spanish Banks Agree to Take Control of Metrovacesa (Update3)
Dec. 4 (Bloomberg) -- Six Spanish banks agreed to take control of Metrovacesa SA , the country?s largest property company, from the family that owns most of the stock to settle debt of 2.1 billion euros ($2.7 billion).

Two European banks cut interest rates
LONDON, Dec. 4 (UPI) -- Central banks in Britain and Sweden cut their key interest rates to 2 percent Thursday to provide liquidity to financial markets.

Libor for Dollars Extends Decline as Central Banks Cut Rates
Dec. 4 (Bloomberg) -- The cost of borrowing in dollars for three months in London declined a third day as central banks cut interest rates to unlock credit for companies and consumers.

Europe?s Central Banks Lower Rates to Fight Recession (Update1)
Dec. 4 (Bloomberg) -- Europe?s central banks cut interest rates as policy makers stepped up their response to the credit crisis that has pushed the region into a recession.

Libor for Dollars Extends Decline as Central Banks Cut Rates
Dec. 4 (Bloomberg) -- The cost of borrowing in dollars for three months in London declined a third day as central banks around the world cut interest rates to unlock credit to companies and consumers.

European, U.K. central banks cut rates
The European Central Bank has cut its benchmark interest rate to 2.5 percent, following similar moves by central banks across the continent.

Europe's central banks slash rates
Europe?s central banks slashes key interest rates as policy makers wrestle with a global financial crisis and the threat of a deep recession.

Libor for Dollars May Extend Decline as Central Banks Cut Rates
Dec. 4 (Bloomberg) -- The cost of borrowing in dollars for three months in London may decline for a third day as central banks around the world cut interest rates to unlock credit to companies and consumers.

German Stocks Rise for Third Day, Led by Banks; Lufthansa Gains
Dec. 4 (Bloomberg) -- German stocks gained for a third day after a bigger-than-estimated reduction of interest rates in Sweden bolstered speculation that central banks will step up efforts to revive the economy.

Europe's central banks set to cut rates sharply
LONDON -- Europe's two main central banks are under mounting pressure to cut interest rates aggressively Thursday after a run of dismal economic data this week indicated the economic slump will be deeper and more prolonged than previously expected.

China's Stock Index Climbs to Three-Week High; ICBC, Banks Gain
Dec. 4 (Bloomberg) -- China's benchmark stock index rose to a near-three week high after a newspaper report said the government injected more funds into the nation's biggest lenders and the cabinet pushed banks to lend to boost the economy.

Gaza banks close as cash dwindles during blockade
Banks in the Gaza Strip have shut down to count their dwindling cash. Palestinian officials say the banks are running out of money and may not be able to cash Gazans' pay checks in time for a major Muslim festival next week called Eid-Ul-Adha.

European Banks Cut Interest Rates
Europe's two leading central banks are cutting key interest rates in an effort to ease the impact of the global financial crisis. Officials of the European Central Bank made the biggest rate cut in the bank's history Thursday, a three-quarters of one percent cut, putting the key rate at 2.5 percent.

Central Banks Across Europe Slash Rates As Economic Woes Worsen
(RTTNews) - Central banks across Europe slashed their respective interest rates on Thursday, expressing deep concerns about the global economic outlook and lingering credit crisis.

Indian Stocks Rise, Led by Banks, on Possible Stimulus Measures
Dec. 4 (Bloomberg) -- India?s Sensitive index rose, led by banks, on speculation the government will announce measures to counter the economic slowdown.

Pininfarina Creditor Banks Ready to Convert Debt Into Equity
Dec. 4 (Bloomberg) -- Pininfarina SpA , the Italian designer of sports cars, said talks with its creditor banks to convert part of the company?s debt into shares are progressing ?positively.?

China's Stock Index Climbs to Three-Week High; ICBC, Banks Gain
Dec. 4 (Bloomberg) -- China's benchmark stock index rose to a near-three week high after a report that the government may inject additional funds into the country's largest banks boosted optimism the economy would weather the global recession.

Bellway Orders Halve as Banks Starve Housing of Loans (Update1)
Dec. 4 (Bloomberg) -- Bellway Plc , the second-best performing U.K. homebuilding stock this year, said its order book has halved after banks granted fewer mortgages in the U.K.?s worst housing slump in 25 years.