Global stocks tumbled and the dollar fell further Thursday, as the effects of Federal Reserve efforts to improve financial market liquidity appeared to fade and Carlyle Capital succumbed to the credit crisis.

Global stocks tumbled and the dollar fell further Thursday as the effects of Federal Reserve efforts to restore liquidity to financial markets faded and the investment fund Carlyle Capital succumbed to the credit crisis.

Carlyle Capital said it expected its lenders to “promptly” take over all its assets after talks with banks to refinance the fund failed. Its shares plunged more than 70 percent in Amsterdam, taking their loss for the past two weeks to more than 90 percent.

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