alistair darling

Many of the world's financial leaders meet Friday in Washington, D.C. Their goal is to restore something that has turned out to be easy to lose and hard to get back: confidence in the financial markets.

British Finance Minister Alistair Darling says all governments will have to work together to restore market confidence.

It’s currently below the 9,900, a 4%+ loss.

Why is this happening?

My best guess is it’s because Europe is feeling a big pinch too…

European nations scrambled further Monday to prevent a growing credit crisis from bringing down major banks and alarming savers as Sweden followed Germany, Austria and Denmark in offering new protections for bank deposits.

Chancellor Alistair Darling says the UK is facing the worst economic crisis in 60 years and warns of a "profound" downturn.

Chancellor Alistair Darling says "it will take time" to finalise concessions promised to those hit by tax changes.

Chancellor Alistair Darling tells mortgage lenders to play their part by passing recent interest rate cuts on.

Alistair Darling calls for the G7 to act on the credit squeeze, which he compares with the Great Depression.

Alistair Darling defends the economic growth targets he set out in the Budget, saying they were "realistic".

Chancellor Alistair Darling unveils big increases in tax on alcohol and high polluting cars in his first Budget.

Chancellor Alistair Darling unveils big increases in tax on alcohol and high polluting cars in his first Budget.

Chancellor Alistair Darling announces big increases in tax on alcohol and high polluting cars in his first Budget.