Scramble to save banks as IMF warns of meltdown

Now IMF has warned the world that we are on the verge of massive financial crisis we should have to act as soon as possible otherwise it wil become too late to handle.Rapid action can save the rich country...

UK Government refuses to rescue councils caught in Iceland bank collapse

The UK's consumer savings protection laws will be put to the test for the first time after the colapse of Iceland's Landsbanki, which had banking outlets in the UK under the name ICEsave. However it has emerged...