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Friday other news items: Taxpayer will own 95% of RBS
on Feb 27, 2009 at 08:03
From Wall Street
* The Dow Jones closed down 88.81-points to 7182.08, the Nasdaq lost 33.96-points to 1391.47, while the S&P slipped 12.07-points 752.83
Credit Crisis Fallout
* Moody’s predicts that default rate ‘will exceed peaks hit in Depression’
* Mervyn King warns that the banking sector may need more bailouts
* Sir Fred Goodwin stands firm on his £16-million pension, saying that the Treasury “approved” it
* Taxpayer will own 95% of RBS
* State facing £50-billion bill for RBS toxic debt
* Whistleblower says HBOS chief given risk warnings
* Jobless claims pass 5-million in the US
Markets
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