http://bit.ly/rtac94 W. H. Dunnigan, Business Man, Anaconda, Montana. (1911)

W. H. Dunnigan, Business Man, Anaconda, Montana. (1911)

Image taken from pg 22 of Cartoons and Caricatures of Prominent Men of Montana

Unique ID: mze-cart1911 pg 22

Type: Book

Contributors: J. C. Terry - Artist & Publisher, McKee Printing Co.

Date Digital: November 2009

Date Original: 1911

Source: Butte Digital Image Project at Montana Memory Project (read the book)

Library: Butte-Silver Bow Public Library in Butte, Montana, USA.

Rights Info: Public Domain. Not in Copyright. Please see Montana Memory project Copyright statement and Conditions of Use (for more information, click here). Some rights reserved. Attribution-Noncommercial-No Derivative Works.

More information about the Montana Memory Project: Montana's Digital Library and Archives.

More information about the Butte-Silver Bow Public Library.

Search the Butte-Silver Bow Public Library Catalog.

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Britain's banks bore the brunt of a global stock market rout amid escalating concerns over the eurozone debt crisis and further signs of strain in wholesale money markets.More than £10bn was wiped off the value of Britain’s five biggest lenders as key inter-bank borrowing costs climbed to levels not seen since the height of the 2008 crash.Royal Bank of Scotland lost an eighth of its value, tumbling 3.06p to 21.78p, amid fears that it could be facing a bill of as much as £3.7bn from US sub-prime mortgage lawsuits.



Plunge: More than £10bn was wiped off the value of Britain’s five big banks
Lloyds slumped 2.47p or 7.5pc to 30.65p while Barclays tumbled 11.05p to 154.15p.
Following yesterday’s bloodbath,
taxpayers are now sitting on a £37.6bn paper loss from their 83pc and
40pc stakes in RBS and Lloyds.
Josef Ackermann, the chief executive
of Deutsche Bank, warned that the current turmoil was reminiscent of the
panic triggered by the collapse of Wall Street giant Lehman Brothers.
 



What next for shares? Predictions from the world's best stock market experts
Are bank shares a gamble worth taking, despite our £28bn hit on Lloyds and RBS?


He said it was ‘stating the obvious
that many European banks would not survive’ if they were to write down
the value of their eurozone sovereign debt to current market levels.
Investors yesterday continued to dump
their holdings of Italian and Spanish debt, pushing Rome’s cost of
borrowing for 10 years to 5.56pc, up from 5.25pc on Friday.
Embattled Italian premier Silvio
Berlusconi is facing a national strike today – along with further
ructions in the country’s bond market – as workers protest against a
£41bn programme of austerity cuts.
And a bruising defeat for German
chancellor Angela Merkel in regional elections over the weekend
heightened concerns over efforts to resolve the crisis engulfing the
single currency.
Fears that the shaky consensus among
eurozone leaders could break down sent the cost of three-month loans for
European banks to its highest level since December 2008. Figures from
the European Central Bank showed that EU banks are withdrawing cash from
the eurozone and transferring it to US markets.
This suggests that lenders in the
27-member bloc, which includes Britain, are becoming increasingly wary
of lending money to one another.
The euro suffered further falls
against the dollar and pound. Germany’s Dax index tumbled 5.3pc and the
French CAC 40 lost 4.7pc of its value.
The FTSE closed down 189.45 points to
5102.58, while Brent crude fell $ 1.66 to $ 110.67 a barrel on fears of a
double dip global recession. Investors fled for cover, pushing the price
of gold to $ 1,900 an ounce.