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The article discusses the Group of Twenty (G-20) meeting to take place in London, England during the week of March 30, 2009. Although British Prime Minister Gordon Brown had hoped the meeting would result in sweeping reform of the global financial system, expectations are now much more subdued. European nations generally don't agree with the U.S. and Great Britain that more fiscal-stimulus measures are needed in Europe.

The article reports that the U.S. government may temporarily guarantee all bank deposits in the U.S. Additionally, it may also provide guarantees to billions of dollars of bank debt. The latter proposal mirrors an initiative in the U.K where the government plans to guarantee up to $432 billion in bank debt.

The article discusses a transfer of over $8 billion by Lehman Brothers Holdings Inc. from its London office to New York shortly before the firm declared bankruptcy. U.K. prime minister Gordon Brown is seeking to get the funds returned to London. PricewaterhouseCoopers LLP believes the transfer should be investigated.

This article discusses cooperation between the Federal Reserve Bank of New York, the United States Securities and Exchange Commission and Britain's Financial Services Authority to simulate large moves in markets to see how well a firm's risk management systems hold up. Rather than react to problems as in the past, the group is taking a pre-emptive approach. The three entities tackle industrywide issues instead of conducting joint examinations of specific firms.

The article discusses the uncertainty faced by employees of Lehman Brothers Holdings Inc. in London, England. While they will be compensated for the month of September 2008, there is a discrepancy between the operations of the investment bank as Barclays PLC acquired most of Lehman's U.S. business while the European base is undergoing liquidation. However, they will still be informed if they will retain their positions. According to some employees, they did not receive the email from chairman Richard Fuld Jr. that was sent to U.S. employees.

The article reports that officials of the U.S. Federal Reserve Board have conferred with the British Bankers' Association, the trade group which oversees the London interbank offered rate (Libor), a key interest rate which affects many other rates in international finance. There have been concerns about the means by which Libor is set. Banks have been suspected of providing inaccurate information on the rates they charge each other for loans.

The article reports that the credit troubles faced by British mortgage lender Northern Rock highlights the impact of the global credit crunch on the British housing market. It states that the decision of investors to shy away from mortgage-backed securities has been caused by the credit problems that started with subprime mortgages in the U.S.

Focuses on hedge-fund investors. Advantages that the biggest investors sometimes negotiate; Implications of the trend; Views of analysts; Observation that more people are investing in hedge funds; How, as the number of hedge funds has increase, it has given big investors, especially pension funds, more power dictating terms of investment; Mention of investor-protection laws, which demand that all investors be treated equally; Minimal oversight of the actual funds by regulators in the U.S. and Britain, where the bulk of the world's hedge fund managers are based; Why regulators have limited say over the use of side letters, which are contractual matters between funds and investors.