The Governor of the Bank of England, Mervyn King, has announced that banks will be allowed to use a wider range of collateral to back loans from the central bank. Among the assets banks can now use are "vague insincere promises", "IOU...
Bosses at French Bank Societe Generale said they are perplexed by rogue trader, Jerome Kerviel, who they understand was not perpetrating the major fraud for personal gain.
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CANCUN,MEXICO (ASSOCIATED PROSE)Thousands and thousands of college aged students who have decided to travel south of the border are not being allowed back into the United States because they have misplaced their passports. The
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