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 - Most Asian stock markets recovered Monday after last week's historic sell-off as governments in Europe and beyond intensified efforts to stabilize the world's troubled financial system.

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.