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| US set to outline banking rescue | US set to outline banking rescue |
| (30 minutes later) | |
| The US government is expected to announce a $250bn (£143bn) bank rescue plan later, echoing steps taken by the UK and other European countries. | The US government is expected to announce a $250bn (£143bn) bank rescue plan later, echoing steps taken by the UK and other European countries. |
| In return for injecting cash, the US will hold stakes in banks including Goldman Sachs and Morgan Stanley. | In return for injecting cash, the US will hold stakes in banks including Goldman Sachs and Morgan Stanley. |
| President George W. Bush and Treasury Secretary Henry Paulson are due to make statements before US markets open. | President George W. Bush and Treasury Secretary Henry Paulson are due to make statements before US markets open. |
| The money will come from the $700bn bail-out package approved by US lawmakers earlier this month. | The money will come from the $700bn bail-out package approved by US lawmakers earlier this month. |
| Unlike the UK plan, all US banks will be expected to take part in the scheme, Ralph Silva, a banking analyst at Tower Group, told BBC News. | Unlike the UK plan, all US banks will be expected to take part in the scheme, Ralph Silva, a banking analyst at Tower Group, told BBC News. |
| Reports say the plan may also include increasing deposit insurance for certain bank accounts and guaranteeing certain types of bank lending. | Reports say the plan may also include increasing deposit insurance for certain bank accounts and guaranteeing certain types of bank lending. |
| On Monday, the UK said it would inject up to £37bn of taxpayers cash into Royal Bank of Scotland, Lloyds TSB and HBOS | On Monday, the UK said it would inject up to £37bn of taxpayers cash into Royal Bank of Scotland, Lloyds TSB and HBOS |
| Governments in the eurozone have said they are putting aside more than 1 trillion euros to protect banks through guarantees and other emergency measures. | Governments in the eurozone have said they are putting aside more than 1 trillion euros to protect banks through guarantees and other emergency measures. |
| The bulk of the money will be used to guarantee lending between banks - part of a plan agreed at the weekend by the 15 nations that use the euro. | The bulk of the money will be used to guarantee lending between banks - part of a plan agreed at the weekend by the 15 nations that use the euro. |
| The cash will also be used to take stakes in ailing banks. | The cash will also be used to take stakes in ailing banks. |