Oct. 17
French savings bank Caisse d'Epargne announces a loss of 600m euros (￡466m) in a "trading incident" which the bank said was triggered by what it called "extreme market volatility" amid the market crash during the week of 6 October.
Oct. 14
US President George W. Bush announced measures to implement a plan of action agreed by the Group of Seven (G7) major advanced countries and to strengthen the banking industry.
The European Union (EU) gave green light to British package to bail out its struggling banks and stabilize the financial markets.
Oct. 13
In Berlin German Chancellor Angela Merkel announced a huge financial rescue plan worth close to 500 billion euros (about 685 billion US dollars).
The Netherlands will provide state guarantees to inter-bank loans of up to 200 billion euros in a bid to increase market liquidity by restarting capital flows among banks, Dutch Prime Minister Jan Peter Balkenende says. (1 US dollar = 0.6957 euro)
The French government is to set aside up to 360 billion euros (490 billion US dollars) to prevent its banks from falling prey to the current credit crisis.
The UK government announced that it would inject up to 37 billion pounds of taxpayers' cash into major banks – Royal Bank of Scotland (RBS), Lloyds TSB and Halifax Bank of Scotland (HBOS).
Oct. 12
The Norwegian government and the country's central bank announce that they would issue up to 350 billion kroner (about 57.41 billion US dollars) in new government bonds which can be used as collateral in Norwegian banks' funding operations, to boost confidence in the financial market in the country.
Leaders from the eurozone countries hammered out an action plan in a joint response to the unfolding financial crisis at their first ever summit in Paris.
Oct. 11
French President Nicolas Sarkozy and German Chancellor Angela Merkel call for joint actions from Europe or even the world to fight the ongoing critical financial crisis.
