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David Friehling, an accountant with ties to disgraced financier ...

(Reuters) — Tue, 03 Nov 2009 22:04:00 GMT

(Reuters) - David Friehling, an accountant with ties to disgraced financier Bernard Madoff, leaves the Manhattan federal courthouse in New York November 3, 2009. Friehling pleaded guilty to fraud charges on Tuesday, but he told a U.S. judge he did not know about the swindler's multibillion-dollar Ponzi scheme, which shook investor confidence and market regulators who missed it. REUTERS/Lucas Jackson (UNITED STATES BUSINESS CRIME LAW IMAGES OF THE DAY)

NDP leader Jack Layton speaks during a news conference on pensions ...

(The Canadian Press) — Tue, 03 Nov 2009 18:27:00 GMT

(The Canadian Press) - NDP leader Jack Layton speaks during a news conference on pensions in Ottawa, Tuesday November 3, 2009. THE CANADIAN PRESS/Adrian Wyld

Bernard Madoff walks back to his apartment in New York in this ...

(Reuters) — Tue, 03 Nov 2009 17:13:00 GMT

(Reuters) - Bernard Madoff walks back to his apartment in New York in this December 17, 2008 file photo. REUTERS/Shannon Stapleton/Files

A man walks past the entrance to the London headquarters of ...

(AFP) — Tue, 03 Nov 2009 16:17:00 GMT

(AFP) - A man walks past the entrance to the London headquarters of the Royal Bank of Scotland. The government said it will force state-rescued Royal Bank of Scotland and Lloyds to sell assets in a bid to revive the sector and address EU concerns, and will inject another 30 billion pounds into them. Photo:Carl de Souza/AFP

A Wall Street sign is seen at an entrance to the New York Stock ...

(The Canadian Press) — Tue, 03 Nov 2009 14:08:00 GMT

(The Canadian Press) - A Wall Street sign is seen at an entrance to the New York Stock Exchange. North American stock markets appeared set for a lower open Tuesday as doubts continue about whether the strength of an economic rebound can sustain the sharp runup in stocks over most of the last eight months. (THE ASSOCIATED PRESS/Richard Drew, file)

Britain is to force state-rescued banks RBS and Lloyds Banking ...

(AFP) — Tue, 03 Nov 2009 13:06:00 GMT

(AFP) - Britain is to force state-rescued banks RBS and Lloyds Banking Group to sell assets in a massive shake-up of the banking sector but will support them with 30 billion pounds. Photo:Carl de Souza/AFP

The London headquarters of the Royal Bank of Scotland is pictured ...

(AFP) — Tue, 03 Nov 2009 10:45:00 GMT

(AFP) - The London headquarters of the Royal Bank of Scotland is pictured in August. Britain on Tuesday outlined plans to break up state-rescued banks Royal Bank of Scotland and Lloyds Banking Group to address EU competition concerns, and pump about 30 billion pounds into the pair. Photo:Carl de Souza/AFP

Britain said it will force state-rescued Royal Bank of Scotland ...

(AFP) — Tue, 03 Nov 2009 10:45:00 GMT

(AFP) - Britain said it will force state-rescued Royal Bank of Scotland and Lloyds to sell assets in a bid to revive the sector and address EU concerns, and will inject another 30 billion pounds into them. Photo:Carl de Souza/AFP

The London headquarters of the Royal Bank of Scotland is pictured ...

(AFP) — Tue, 03 Nov 2009 08:38:00 GMT

(AFP) - The London headquarters of the Royal Bank of Scotland is pictured in August. The government on Tuesday outlined plans to break up state-rescued banks Royal Bank of Scotland and Lloyds Banking Group to address EU competition concerns, and pump about 30 billion pounds into the pair. Photo:Carl de Souza/AFP

A man is reflected in the window of a Royal Bank of Scotland ...

(AFP) — Mon, 02 Nov 2009 18:13:00 GMT

(AFP) - A man is reflected in the window of a Royal Bank of Scotland (RBS) branch in central London. Royal Bank of Scotland, rescued by the British government in the wake of the global financial crisis, said Monday that it planned to axe about 3,700 jobs across its retail operations in Britain. Photo:Shaun Curry/AFP

A man walks past the entrance to the London headquarters of ...

(AFP) — Mon, 02 Nov 2009 18:07:00 GMT

(AFP) - A man walks past the entrance to the London headquarters of the Royal Bank of Scotland. Royal Bank of Scotland, rescued by the British government in the wake of the global financial crisis, said Monday that it planned to axe about 3,700 jobs across its retail operations in Britain. Photo:Carl de Souza/AFP

Two men use Royal Bank of Scotland cash machines in the City ...

(Reuters) — Mon, 02 Nov 2009 16:39:00 GMT

(Reuters) - Two men use Royal Bank of Scotland cash machines in the City of London November 2, 2009. Royal Bank of Scotland Group Plc said it will be forced to sell more assets than it had expected as another radical shake-up looms for Britain's banks. REUTERS/Andrew Winning (BRITAIN BUSINESS)

A Royal Bank of Scotland flag flies over a building in the City ...

(Reuters) — Mon, 02 Nov 2009 15:42:00 GMT

(Reuters) - A Royal Bank of Scotland flag flies over a building in the City of London November 2, 2009. Royal Bank of Scotland Group said it will be forced to sell more assets than it had expected as another radical shake-up looms for Britain's banks. REUTERS/Andrew Winning (BRITAIN BUSINESS)

Gas masks from a street vendor are pictured near to the former ...

(Reuters) — Mon, 02 Nov 2009 12:41:00 GMT

(Reuters) - Gas masks from a street vendor are pictured near to the former Berlin Wall border checkpoint, Checkpoint Charlie in Berlin, November 2, 2009. REUTERS/Tobias Schwarz (GERMANY SOCIETY)

The London headquarters of the Royal Bank of Scotland. Britain's ...

(AFP) — Sun, 01 Nov 2009 20:40:00 GMT

(AFP) - The London headquarters of the Royal Bank of Scotland. Britain's government is to create three new high street banks from bailed out lenders Royal Bank of Scotland, Lloyds Banking Group and Northern Rock, finance minister Alistair Darling said Sunday. Photo:Carl de Souza/AFP

Accused swindler Bernard Madoff enters the Manhattan federal ...

(Reuters) — Sun, 01 Nov 2009 14:00:00 GMT

(Reuters) - Accused swindler Bernard Madoff enters the Manhattan federal court house in New York, March 12, 2009. REUTERS/Shannon Stapleton

The London headquarters of the Royal Bank of Scotland are pictured ...

(AFP) — Sun, 01 Nov 2009 02:31:00 GMT

(AFP) - The London headquarters of the Royal Bank of Scotland are pictured in this file photo. Britain's government is to create three new high street banks from bailed out lenders Royal Bank of Scotland, Lloyds Banking Group and Northern Rock, according to media reports. Photo:Carl de Souza/AFP

The London headquarters of the Royal Bank of Scotland are pictured ...

(AFP) — Sun, 01 Nov 2009 02:31:00 GMT

(AFP) - The London headquarters of the Royal Bank of Scotland are pictured in this file photo. Government is to create three new high street banks from bailed out lenders Royal Bank of Scotland, Lloyds Banking Group and Northern Rock, according to media reports. Photo:Carl de Souza/AFP

Booking mug shot of Bernard Madoff released to Reuters on March ...

(Reuters) — Fri, 30 Oct 2009 23:44:00 GMT

(Reuters) - Booking mug shot of Bernard Madoff released to Reuters on March 17, 2009. REUTERS/UNITED STATES MARSHALS SERVICE/FOIA/Handout

Bernard Madoff's accountant David Friehling leaves Federal court ...

(AFP) — Fri, 30 Oct 2009 16:13:00 GMT

(AFP) - Bernard Madoff's accountant David Friehling leaves Federal court in March 2009 in New York City. The accountant is ready to plead guilty, prosecutors in New York said Friday. Photo:Mario Tama/AFP

David Friehling, an accountant with ties to disgraced financier ...

(Reuters) — Fri, 30 Oct 2009 14:49:00 GMT

(Reuters) - David Friehling, an accountant with ties to disgraced financier Bernard Madoff, leaves the Manhattan federal courthouse after being charged with securities fraud and aiding investment adviser fraud in connection with Bernard Madoff's ponzi scheme in New York March 18, 2009. REUTERS/Mike Segar

Bank of Canada Governor Mark Carney (L) walks to appear before ...

(Reuters) — Thu, 29 Oct 2009 20:47:00 GMT

(Reuters) - Bank of Canada Governor Mark Carney (L) walks to appear before a Senate banking committee with Senior Deputy Governor Paul Jenkins in Ottawa in this May 6, 2009 file photo. Jenkins will step down when his current seven-year term ends in April 2010, the central bank said on Thursday. REUTERS/Blair Gable/Files (CANADA BUSINESS POLITICS)

Paul Jenkins, right, senior deputy governor of the bank of Canada, ...

(The Canadian Press) — Thu, 29 Oct 2009 20:21:00 GMT

(The Canadian Press) - Paul Jenkins, right, senior deputy governor of the bank of Canada, walks with governor Mark Carney in Ottawa on May 6, 2009. Jenkins says he'll step down when his term expires next April. THE CANADIAN PRESS/Adrian Wyld

The Wall Street Journal is shown on sale at Hudson News, in ...

(AFP) — Thu, 29 Oct 2009 17:52:00 GMT

(AFP) - The Wall Street Journal is shown on sale at Hudson News, in 2007. Blaming an advertising slump that has left many US newspapers reeling, The Wall Street Journal said Thursday it was closing its Boston bureau. Photo:Stan Honda/AFP

A trader at the New York Stock Exchange. On Wall Street, stocks ...

(AFP) — Thu, 29 Oct 2009 17:51:00 GMT

(AFP) - A trader at the New York Stock Exchange. On Wall Street, stocks recently plunged to their worst loss of the month. The US government is expected to report that the recession-wracked economy has grown in the third quarter after a year of contraction following the worst financial crisis in decades. Photo:Mario Tama/AFP

Governor of the Bank of Canada Mark Carney makes his way to ...

(The Canadian Press) — Wed, 28 Oct 2009 23:02:00 GMT

(The Canadian Press) - Governor of the Bank of Canada Mark Carney makes his way to appear before the Senate Standing Committee on Banking, Trade and Commerce in Ottawa, Ont., Wednesday October 28, 2009. THE CANADIAN PRESS/Sean Kilpatrick

Bank of Canada Governor Mark Carney (R) prepares to testify ...

(Reuters) — Wed, 28 Oct 2009 22:47:00 GMT

(Reuters) - Bank of Canada Governor Mark Carney (R) prepares to testify before the Commons finance committee with Senior Deputy Governor Paul Jenkins on Parliament Hill in Ottawa October 27, 2009 REUTERS/Chris Wattie

Bank of Canada Governor Mark Carney delivers a speech in Montreal ...

(Reuters) — Wed, 28 Oct 2009 21:21:00 GMT

(Reuters) - Bank of Canada Governor Mark Carney delivers a speech in Montreal October 26, 2009. REUTERS/Shaun Best

Defrauded Madoff investor Norma Hill (L) and her daughter Alexandra ...

(Reuters) — Wed, 28 Oct 2009 18:39:00 GMT

(Reuters) - Defrauded Madoff investor Norma Hill (L) and her daughter Alexandra make their way through a crush of media outside the United States Courthouse in lower Manhattan, June 29, 2009. REUTERS/Mike Segar

A branch of bank Northern Rock is pictured in London in mid ...

(AFP) — Wed, 28 Oct 2009 13:19:00 GMT

(AFP) - A branch of bank Northern Rock is pictured in London in mid January. EU competition regulators approved the state aid contained in plans to break up and sell British nationalised bank Northern Rock in the wake of the global financial crisis. Photo:Leon Neal/AFP

Minister of Finance Jim Flaherty speaks during question period ...

(The Canadian Press) — Tue, 27 Oct 2009 23:29:00 GMT

(The Canadian Press) - Minister of Finance Jim Flaherty speaks during question period in the House of Commons Monday. THE CANADIAN PRESS/Sean Kilpatrick

A high-profile economist calls on the Bank of Canada to use ...

(CBC) — Tue, 27 Oct 2009 20:47:55 GMT

(CBC) - A high-profile economist calls on the Bank of Canada to use its reserves to defend the Canadian dollar against speculation in extreme cases.

Canada's Finance Minister Jim Flaherty arrives to testify before ...

(Reuters) — Tue, 27 Oct 2009 19:55:00 GMT

(Reuters) - Canada's Finance Minister Jim Flaherty arrives to testify before the Commons finance committee on Parliament Hill in Ottawa October 27, 2009. Canada unveiled new rules on Tuesday for private pension plans that it said will boost protection for members and reduce funding volatility. REUTERS/Chris Wattie (CANADA POLITICS BUSINESS)

Bank of Canada Governor Mark Carney arrives to a commons finance ...

(The Canadian Press) — Tue, 27 Oct 2009 19:45:00 GMT

(The Canadian Press) - Bank of Canada Governor Mark Carney arrives to a commons finance committee hearing. THE CANADIAN PRESS/Sean Kilpatrick

Bank of Canada Governor Mark Carney (R) prepares to testify ...

(Reuters) — Tue, 27 Oct 2009 19:23:00 GMT

Finance Minister Jim Flaherty has introduced new rules for public ...

(CBC) — Tue, 27 Oct 2009 19:13:11 GMT

(CBC) - Finance Minister Jim Flaherty has introduced new rules for public pensions, aimed at putting plans at Crown corporations and other firms on more solid ground.

Bank of Canada Governor Mark Carney (L) arrives to testify before ...

(Reuters) — Tue, 27 Oct 2009 15:57:00 GMT

(Reuters) - Bank of Canada Governor Mark Carney (L) arrives to testify before the Commons finance committee with Senior Deputy Governor Paul Jenkins on Parliament Hill in Ottawa, October 27, 2009. REUTERS/Chris Wattie

Bank of Canada Governor Mark Carney prepares to testify before ...

(Reuters) — Tue, 27 Oct 2009 15:40:00 GMT

(Reuters) - Bank of Canada Governor Mark Carney prepares to testify before the Commons finance committee on Parliament Hill in Ottawa October 27, 2009. The Bank of Canada repeated on Tuesday a conditional pledge to keep interest rates steady through mid-2010, saying the Canadian dollar's strength would more than fully offset favorable developments since July. REUTERS/Chris Wattie (CANADA BUSINESS POLITICS)

A Gurkha soldier is pictured outside the High Court in central ...

(AFP) — Tue, 27 Oct 2009 15:39:00 GMT

(AFP) - A Gurkha soldier is pictured outside the High Court in central London. Veteran Gurkha soldiers from Nepal have launched another court battle against the government -- this time over pension rights. Photo:Shaun Curry/AFP

Bank of Canada Governor Mark Carney listens to a question in ...

(Reuters) — Tue, 27 Oct 2009 00:19:00 GMT

(Reuters) - Bank of Canada Governor Mark Carney listens to a question in Montreal, October 26, 2009. REUTERS/Shaun Best

Bank of Canada Governor Mark Carney speaks to financial regulators ...

(The Canadian Press) — Mon, 26 Oct 2009 22:29:00 GMT

(The Canadian Press) - Bank of Canada Governor Mark Carney speaks to financial regulators in Montreal. THE CANADIAN PRESS/Ryan Remiorz

Canada's top banker warned financial executives on Monday to ...

(AFP) — Mon, 26 Oct 2009 18:11:00 GMT

(AFP) - Canada's top banker warned financial executives on Monday to mend their ways and use profits generated with the help of taxpayer bailouts to boost capital reserves instead of paying out bonuses. Photo:/AFP

Bank of Canada Governor Mark Carney walks off stage after delivering ...

(Reuters) — Mon, 26 Oct 2009 15:39:00 GMT

(Reuters) - Bank of Canada Governor Mark Carney walks off stage after delivering a speech in Montreal, October 26, 2009. Carney delivered a blunt rebuke to the global financial industry on Monday, saying it had shown insensitivity over high compensation and calling on it to get on board with reforms. REUTERS/Shaun Best (CANADA BUSINESS POLITICS)

Bank of Canada Governor Mark Carney is introduced prior to delivering ...

(Reuters) — Mon, 26 Oct 2009 15:38:00 GMT

(Reuters) - Bank of Canada Governor Mark Carney is introduced prior to delivering a speech in Montreal, October 26, 2009. Carney delivered a blunt rebuke to the global financial industry on Monday, saying it had shown insensitivity over high compensation and calling on it to get on board with reforms. REUTERS/Shaun Best (CANADA BUSINESS POLITICS)