AP - With the world's financial markets on a stomach-churning ride, the Bush administration is scrambling to get a $700 billion rescue effort for the U.S. banking system up and running, as Europe's central banks began Monday to take unified actions aimed at easing the credit crisis.

AP - Global stock markets rebounded strongly on Monday after last week's historic sell-off as governments from Europe to Australia and the U.S. intensified efforts to ease a financial crisis that threatened to the throw the world into recession.

AP - The British government said Monday it would provide up to $63 billion to boost the balance sheets of three of Britain's largest banks but demanded in return the departure of some of the country's top bankers.