Reuters - Richard Fuld, the disgraced head of Lehman Brothers , said he took full responsibility for his actions ahead of the downfall of the 158-year investment bank, but said U.S. regulators knew exactly what the firm's liquidity was and how it was pricing its distressed assets in the months before its collapse.

Reuters - Oil dropped $6 to below $88 a barrel on Monday on expectations the growing financial crisis will further slow already faltering global fuel demand.

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.

Reuters - Stocks slid more than 6 percent on Monday, with the Dow diving to its lowest level in almost five years, on fears the global economy was hurtling into recession despite government efforts to contain the fast-spreading financial crisis.

AFP - A brutal week on Wall Street ended with the approval of a massive US government lifeline for the troubled financial sector, but investors are still searching for a reason to cheer.

Reuters - U.S. Treasury Secretary Henry Paulson is expected to name Neel Kashkari to oversee the $700 billion program to buy distressed assets from financial institutions, The Wall Street Journal reported on Sunday.

Reuters - World stocks dived to three-year lows on Monday as investors fled to government bonds and the low-yielding yen, fearing efforts by policymakers to contain the credit crisis might not be enough to prevent a recession.

Reuters - ImClone Systems Inc has agreed to be acquired by Eli Lilly and Co for about $6.1 billion after rebuffing a sweetened takeover offer from Bristol-Myers Squibb, sources familiar with the situation said on Monday.

Reuters - The U.S. Federal Reserve is brokering discussions between Wells Fargo & Co and Citigroup Inc over which of the banks will buy Wachovia Corp's assets, people familiar with the matter said on Sunday.

Reuters - More European governments followed Germany's lead on Monday offering blanket deposit guarantees to savers in a frantic effort to calm fears among investors over the worst financial crisis in 80 years.

AFP - Germany extended a blanket guarantee to all private bank deposits Sunday as Chancellor Angela Merkel said her government was scrambling to salvage a rescue plan for the country's fourth biggest bank.

Reuters - Wall Street's mood will likely remain dark this week as fallout from the credit crisis continues to corrode the U.S. economy and questions linger about the likely effectiveness of the newly passed bailout plan in shoring up the financial system.

Reuters - Belgium and Luxembourg raced to find a buyer for troubled financial group Fortis before markets opened on Monday and an industry source said BNP Paribas was negotiating for control.