TOPWRAP 2-World markets swoon as US slumps to bank aid

Newswire

* Stocks battered on fears rescue will fall short * Japan to consider buying stocks directly * U.S. to launch bank rescue program Wednesday (For more on the financial crisis, click [nCRISIS]) By Hideyuki Sano TOKYO, Feb 24 (Reuters) - The United States vowed to prop up ailing banks if needed, but worries that yet more cash injections would fail to staunch the global economic crisis weighed on stock markets around the world on Tuesday. The U.S. government was set to take a bigger ...

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