Europe governments scramble to protect deposits

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By PAN PYLAS, AP Business Writer1 hour, 22 minutes ago European governments struggled to find a coordinated approach to the crisis sweeping financial markets, as Denmark became the latest country to guarantee bank deposits, putting more pressure on Britain and other countries to follow. Denmark’s move came after a startling announcement by German Chancellor Angela…

Bank on this: Bank failures will rise in next year

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By MICHAEL LIEDTKE, AP Business WriterSun Oct 5, 10:35 PM ET Here’s a safe bet for uncertain times: A lot of banks won’t survive the next year of upheaval despite the U.S. government’s $700 billion plan to restore order to the financial industry. The biggest question is how many will perish and how they will…

World markets fall as US bailout seen taking time

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By TOMOKO A. HOSAKA World stock markets tumbled Monday as investors reacted coolly to Washington’s $700 billion bank bailout deal, recognizing that cleaning up the bad debt mess will take a long time and likely drag on global economic growth for the foreseeable future. Anxiety about spreading fallout from the U.S. financial meltdown grew on…

Main Street turns against Wall Street

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A populist backlash is changing America’s political climate. Inflamed by the financial crisis and bailouts, a form of class warfare could haunt business leaders for years to come. By Nina Easton, Washington bureau chief Last Updated: September 28, 2008: 11:03 AM ET NEW YORK (Fortune) — In one frenzied month Treasury Secretary Henry Paulson and…