Venezuela's top oil official accused Exxon Mobil Corp. of "judicial terrorism" on Friday, but said court orders won by the oil giant do not amount to confiscation of $12 billion in assets. Exxon Mobil has gone after the assets of state oil company, Petroleos de Venezuela SA, in U.S., British and Dutch courts as it challenges the nationalization of a multibillion dollar oil project by President Hugo Chavez's government. A British court last month issued an injunction "freezing" as much as $12 billion in assets. But Oil Minister Rafael Ramirez said: "They don't have any asset frozen. They only...
Bank of England facilitates bank debt swap
Newsday
Newsday
LONDON - The Bank of England, aiming to deal with the crippling impact of the U.S. subprime mortgage crisis, on Monday announced a $100 billion plan to allow banks to swap mortgage-backed securities for British Treasury bills. The bank's aim is to...
Bank of England offers banks $100B program to swap mortgage-backed securities for UK issues
Star Tribune
Star Tribune
LONDON - The Bank of England, aiming to deal with the crippling impact of the U.S. subprime mortgage crisis, on Monday announced a $100 billion plan to allow banks to swap mortgage-backed securities for British Treasury bills. The bank's aim is to...
Bank of England announces 50-billion-pound security swap program for commercial banks
International Herald Tribune
International Herald Tribune
: The Bank of England, aiming to deal with the crippling impact of the U.S. subprime mortgage crisis, on Monday announced a 50 billion pounds (US$100 billion €63 billion) plan to allow banks to swap mortgage-backed securities for Treasury...
Bank of England offers $100B plan to ease credit crisis
The Charlotte Observer
The Charlotte Observer
By ROBERT BARR Associated Press Writer AP Photo The facade of the Bank of England in London is pictured in this April 9, 2008, file photo. The BoE announced a $100 billion plan to allow banks to swap mortgage-backed securities for Treasury bills....

