Week in pictures

Monday: The public finances lurched to a record deficit last month and analysts warned much worse was yet to come Photograph: Graham Turner/Guardian

Monday: Demand for Aga cookers has gone off the boil in the past few weeks, as the financial crisis deters people from buying a piece of the so-called Aga Saga lifestyle Photograph: Public domain

Monday: ING, the Dutch savings bank which has more than a million savers in the UK, is to get a €10bn capital injection from the Netherlands authorities Photograph: Dominique Faget/Getty

Monday: Charles Milhaud, the chairman of France's most popular savings bank, quit after a €600m derivatives trading scandal Photograph: Lucas Dolega/Getty

Monday: Construction workers in Hefei, China, on the day the country revealed economic growth had slowed to 9% Photograph: STR/AFP

Tuesday: Debenhams slashed its dividend after a reporting like-for-like sales fell by 4.2% in September and early October Photograph: David Parry/Newscast

Eric Daniels, Lloyds
Total remuneration: £10.2m (since 1999 or during length of service)
Bank market capitalisation (August 2007): £66.4bn
Bank market capitalisation (now): £10.7bn
Credit crunch hits (since August 2007): £11.0bn
Photograph: Ben Stansall/AFP

Tuesday: Optimism at British manufacturing companies has tumbled to its lowest level in nearly three decades as the economic downturn gathers pace, according to the CBI Photograph: Eugene Hoshiko/AP

Tuesday: Bank of England governor Mervyn King warns of recession as he speaks to members of the chamber of commerce in Leeds Photograph: : Darren Staples/Reuters

Wednesday: German prosecutors and police raided the Frankfurt headquarters of state-owned bank KfW, which newspaper Bild branded as Germany's dumbest bank Photograph: Public domain

Wednesday: Steve Johnson, the new boss of the struggling Woolworths group, reshuffled his management team with four senior executives heading for the exit Photograph: Newscast

Thursday: Daimler, maker of Mercedes cars, issued its second profits warning of the year after third-quarter earnings plunged by two-thirds Photograph: Michael Latz/AFP

Thursday: A shopper on Oxford Street in London as the Office for National Statistics revealed retail sales dropped 0.4% between August and September. Reporting difficulties this week were Currys and PC World and Homebase and Argos Photograph: Clive Gee/PA

Thursday: The Royal Mail said its one-price-goes-anywhere universal postal service was in the red and under threat Photograph: Graham Turner/Guardian

Thursday: Thousands of workers at JCB have voted to accept a pay cut of £50 a week to prevent the loss of 350 jobs Photograph: Per Lindgren/Rex Features

Thursday: The former Federal Reserve chairman, Alan Greenspan, conceded that the global financial crisis exposed a "mistake" in the free market ideology which guided his 18-year stewardship of US monetary policy Photograph: Mark Wilson/Getty

Friday: Shoppers pass a boarded-up building in Rotherham, South Yorkshire as figures reveal the British economy shrank by far more than expected in the third quarter of the year Photograph: Christopher Thomond/Guardian

Friday:The John Lewis department store chain said trade was down a disturbing 7.6% in the seven days to October 18 - the week of the emergency bail-out of three of the UK's biggest banks Photograph: David Sillitoe/Guardian