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FTSE posts biggest ever one-day points fall

The leading share index recorded its biggest ever one-day points fall on Monday with banking and commodity stocks taking a battering as the fallout from financial crisis once again overwhelmed global markets.

U.S. calls for united front as crisis wrecks markets

NEW YORK (Reuters) - Governments and central banks around the world grasped at measures to contain the fast-spreading financial crisis on Monday but global stocks still plummeted as investors bet a recession was inevitable.

Government considers bank options

The government promised on Monday to protect ordinary savers in the face of global financial turmoil, but shares in the country's banks fell sharply on fears the government would seek partial ownership in return for support.

Bradford & Bingley bail out angers shareholders

Small Bradford & Bingley shareholders fear that like investors in Northern Rock they stand to lose everything after the government bailed out the bank with a mixture of nationalisation and asset disposals.

Governments back Alitalia-Lufthansa deal

The German and Italian leaders on Monday backed a potential agreement between Alitalia <AZPIa.MI> and Lufthansa <LHAG.DE> on the German airline taking a minority stake in the Italian carrier.

Prosecutors seek 13-yr sentence for Parmalat ex-CEO

Italian prosecutors sought a 13-year prison term for the former head of Italian food company Parmalat SpA Monday over its 2003 collapse in one of Europe's biggest financial scandals.

Oil drops $5 to below $89 on demand concerns

NEW YORK (Reuters) - Oil dropped more than $5 to below $89 a barrel on Monday on expectations the growing financial crisis will further slow already faltering global fuel demand.

Gold climbs as investors seek safety

Gold prices rose nearly 5 percent on Monday, leading other precious metals higher, as a slide in stock markets sparked a flight to safety.