Week in pictures

Monday: Stocks plunged as US Congress votes against the government's $700bn emergency bail-out of the banking industry. The US blue-chip average closed down 7%. The FTSE 100 closed down 5.3%, its eighth worst performance ever Photograph: Alex Grimm/Reuters

Tuesday: President Bush warned Congress that its decision to reject a $700bn banks rescue package would have 'painful and lasting' economic consequences and should be overturned Photograph: Charles Dharapak/AP

Tuesday: Markets then rebounded on rising hopes for a solution by the end of the week - George Bush assured the public that the law will be passed despite rebellion in Congress Photograph: Scot Olson/Getty

Wednesday night/Thursday morning: The US Senate voted comfortably in favour of the Bush administration's contentious bail-out of the banking industry early this morning. In this picture, protesters perform a skit mocking the $700bn bail-out in front of the Capitol building in Washington Photograph: Kevin Lamarque/Reuters

In banking news, Mondaysaw confirmation of weekend rumours that the government is to nationalise buy-to-let lender Bradford & Bingley, with Spanish bank Santander buying its 200 branches and £22bn of savings Photograph: PA

Also on Monday: Belgium announces the part-nationalisation of Fortis, the Belgian-Dutch banking and insurance group, in a bid to keep the contagion of collapsing banks spreading to continental Europe Photograph: AFP

It was revealed that directors of the state-backed Lloyds Banking group were sounding out shareholders about a change in its executive remuneration plans Photograph: Sang Tan/AP

On WednesdayHBOS shares bounced as the City's faith in a rescue for the deal was renewed. Gordon Brown's support seemed to help, pushing HBOS shares up 21%. The company's shares rose further on Thursday, ending up 22p at 170.10p Photograph: Newscast

Tuesday: The Irish government steps in to avert a run on the country's banks by guaranteeing retail deposits for the next two years. On Wednesday Alistair Darling intervened twice with the Irish government on behalf of UK banks amid fears that Dublin's blanket guarantee for savers was causing an exodus of funds across the Irish Sea Photograph: David Devins/Newscast

Young fashion label Miss Sixty has become the latest casualty of the credit crunch, collapsing into administration. Sixty UK, which also controls the Energie fashion brand, has 12 high street stores and operates concessions in department stores such as House of Fraser. Its brands are also sold through independent fashion outlets across the UK Photograph: Scott Gries/Getty

Nokia has hit back in its fight against Apple and Google with the unveiling of its first touchscreen device and news that its unlimited mobile music service will launch in the UK in October Photograph: PR

Scientists in Cambridge have launched a £12m three-year project to create the next generation of e-paper, which may herald the arrival of fully interactive, all-colour computerised newspapers and magazines Photograph: PR