AFP - Stock markets around the world slumped Friday after President Barack Obama unveiled plans to limit the size and scope of US banks and financial firms in a fresh offensive against Wall Street excesses.

AP - World markets fell Friday, led by bank stocks after President Barack Obama proposed a sweeping overhaul of Wall Street to avert future financial crises.

AFP - The FTSE 100 slumped Friday as investors were spooked by President Barack Obama's promises to impose regulations on the US banking and financial sectors.

Reuters - U.S. stocks fell for a third-straight day on Friday, dragged lower by technology shares after Google Inc's revenue and chipmaker Advanced Micro Devices Inc's sales outlook disappointed investors.

AP - Stocks retreated Friday for the third straight day on uncertainty about President Barack Obama's plans to restrict big banks and disappointment over companies' earnings reports.

AP - President Barack Obama's plan to change the way big banks make their money plunged the stock market back into the fear and uncertainty that marked the financial crisis.

AFP - US President Barack Obama's vow to crack down on Wall Street's "reckless" big banks sent shockwaves through Asian stock markets on Friday, with the region's financial centres suffering heavy losses.

Reuters - Asian stock markets skidded on Friday and commodity prices fell across the board after U.S. President Barack Obama proposed new restrictions on banks that spurred selling of risky assets.

AFP - Leading shares fell at the start of trading on Friday on fears about the effects of increased regulation on the banking sector.

AP - Asian stock markets tumbled Friday after President Barack Obama proposed a sweeping overhaul of Wall Street banks to avert future financial crises. European shares opened modestly lower.