Bank of England says net lending to business dropped by £3.4bn in May after a drop of £6bn in April.
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Highland Capital Management is closing its third hedge fund in less than five months, with investors in a collateralized debt obligation vehicle losi
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CEO tells employees that more than 52,000 of them would lose their jobs, bringing the total for the past year to 75,000
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Belgium and France to bail out Dexia, world’s biggest lender to local governments
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All the birds are not yet home to roost and recapitalization is vital.
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Former chief economist of the International Monetary Fund warns that a BIG investment bank is going down.
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Lehman get $6 billion in capital to stay afloat.$2.8 billion lost in the second quarter while hedges, especially commercial mortgage related position
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For a while it looked like JP Morgan had escaped the worst effects of the credit crash but hat first quarter profit fell by half
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Credit crash is a social news site for the credit markets
He says if they hadn't acted "by two o'clock that afternoon, $5.5...
I always check credit ratings before I make a decision...
This won't tackle the lack of deals or reluctance of lenders to refinance...
At least Bernanke was clear about what they believed - even if they're...
Fed sees more risk to the downside BUT doesn't realize that there's enough...
Writedowns are MORE than $18 billion. In the release they reveal U.S....
Dont see how they were all owned by the "elites", anyway dont...
Don't worry still plenty more costs to be "exposed", fallout is...