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European Stocks Drop; Northern Rock, Deutsche Bank Lead Decline by Marco Bertacche

Sept. 14 (Bloomberg) -- European stocks fell the most in a week after Northern Rock Plc said the Bank of England agreed to provide emergency funds to ease a ``severe liquidity squeeze.''

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From last month (via The Left Coaster)

Fed bends rules to help two big banks by Peter Eavi, August 24 2007

If the Federal Reserve is waiving a fundamental principle in banking regulation, the credit crunch must still be sapping the strength of America's biggest banks. Fortune's Peter Eavis documents an unusual Fed move.

NEW YORK (Fortune) -- In a clear sign that the credit crunch is still affecting the nation's largest financial institutions, the Federal Reserve agreed this week to bend key banking regulations to help out Citigroup (Charts, Fortune 500) and Bank of America (Charts, Fortune 500), according to documents posted Friday on the Fed's web site.

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