Britannia Radio

Venezuela seizes US 'fraud' bank: Venezuela has seized a local bank owned by Allen Stanford, the billionaire accused of a massive $8bn fraud by the US, after panicked investors withdrew millions of dollars worth of deposits.

France sends forces to Guadeloupe: France has sent hundreds of police reinforcements to the French-Caribbean island of Guadeloupe, as month-long strikes over declining economic conditions have spilled over into violence.

US fraud claim sparks bank panic: Hundreds of investors in Latin America and the Caribbean have rushed to withdraw money from banks linked to US billionaire Allen Stanford after he was charged over an alleged $8bn fraud.

Madoff Loss Spawned in ‘Bargain With Devil’ at Cerberus Bank: - Two of Japan’s eight nationwide banks are braced for $2.6 billion in losses after investments by U.S. private equity groups, which the Obama administration is counting on to help bail out the U.S. financial system.

Germany Prepared to Lend Financial Help to Eastern Europe: "If help is needed we are ready, particularly through the IMF," Merkel said. "Germany will not refuse to (financially) support the IMF if necessary. But we should avoid talking down countries that are not encountering difficulties because there are lots of rumors circulating that can breed weakness."

Obama Stimulus Saves Microsoft Billionaire Hundreds Of Millions: Thanks to the stimulus bill President Obama signed this week, he's also about to be as much as a billion dollars richer.

Benefits neglected for civil retirees: State and local governments have set aside virtually no money to pay $1 trillion or more in medical benefits for retired civil servants, a USA TODAY survey found.

Give Us Back Our F****** Money: If you go to work everyday, 9-5 and then hand over about a quarter of your income to the government every month and you're not angry about the current banking F-up, then you’re either one of the financial or political elite that have been ripping off the world since time immemorial, or you’re a snivelling, subservient little slave and you deserve all the subjugation you get.

Auto bailout tab could top $130 billion : GM and Chrysler say they need $21.6 billion more in loans. But that won't be enough to save Detroit. Here's a rundown of all the auto bailout proposals.

Bad year for Goodyear employees: Goodyear Tire & Rubber Co. says it will cut some 5,000 jobs this year, after its fourth-quarter net loss was greater than expected.

Swiss bank UBS refuses US request for client names: Switzerland's UBS bank has refused a US government request to reveal the names of some 52,000 US nationals with Swiss bank accounts. UBS earlier agreed to pay US authorities $780 million to settle a tax fraud case.