as it unveiled a massive $8.3 billion fourth quarter loss.
　　Bank of America also reported a massive $2.39 billion loss for the quarter, although investors’ attention was focused on the bailout.
　　Mounting concerns about the banks were evidenced in the cost of dollar loans between banks, which rose Friday for the second day running, denoting tighter credit conditions.
　　The interbank lending rate on three-month loans in dollars — known as the London Interbank Offered Rate, or Libor — rose by around 0.06 percentage points to 1.14 percent. Over recent days, the big falls in the dollar rate experienced in the early part of the year had moderated and swung to increases as concerns about capital shortages in the banks swelled.
　　"There’s a renewal of heightened anxiety about the health of the banks and the corollary of that is this drift out (in the lending rate)," said Marc Ostwald, a strategist at Monument Securities.www.examda.com
　　Stock markets around the world had started 2009 on a relatively strong footing, glad to have put the previous year behind them and hopeful that the incoming Obama administration would be able to limit the length and depth of the recession in the U.S. with its massive stimulus plan.
　　Those hopes of a turnaround in the world economy by the middle of this year have evaporated as investors grappled with increasingly grim economic and corporate data from across the world.
　　"It’s tough to light a match in a downpour, and early-year flickering of a financial market candle of hope has been washed out," said Paul Mortimer-Lee, global head of market economics at BNP Paribas.

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