European Central Bank to the market more than 75,000,000,000 U.S. dollars capital injection to deal with the crisis

Washington Mutual Bank of the United States after the collapse of the European Central Bank decided to combine forces to the multinational market to provide 75,000,000,000 U.S. dollars of funds to meet the market demand for cash. The two other U.S. banks, Wachovia and National City Bank are also affected, the two banking stocks fell on the 27th more than 25%. According to Singapore's "Lianhe Zaobao" reported that the European Central Bank, the Bank of England and the Swiss National Bank to market the injection of 75,000,000,000 U.S. dollars of funds a week. U.S. Federal Reserve in order to maintain the overnight interest rate at 2 percent, was forced to take part in the recent injection of capital markets. Major banks are also trying to obtain a federal loan assistance, so this week, the average daily amount of borrowing from the central bank as much as 187,750,000,000 U.S. dollars more than in the previous week's record figure by a 4-fold. According to another report, the Washington Mutual Bank closed down the U.S. banking industry further. The fourth-largest U.S. bank Wachovia shares fell 27 percent, closed 10 U.S. dollars per share offer. National City Bank, another bank by market also dragged down the atmosphere in the doldrums, plunged 25.6 percent, closed down 3.71 U.S. dollars per share. At present, even though the two banks are still part of the surplus business, but investors worry that their mortgage-related business loopholes. According to media reports Friday that Wachovia has been with the National Bank of Spain, Wells Fargo and Citigroup, and other potential buyers to acquire an initial consultation issues. Wachovia No. 2 in the quarter to reach 9.1 billion loss 10,000,000 U.S. dollars and has announced plans to lay off 11,350 people. In addition, national banks are doing our best to reduce the loan was followed by housing construction loans and other related loan portfolio size. At present, this part of the lending bank loans accounted for 1.5 percent of the total. The Bank has recently announced layoffs. Analysts said the two banks have an urgent need to rush through a huge government rescue package.