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Bank of England says net lending to business dropped by £3.4bn in May after a drop of £6bn in April. read more »
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Belgium and France to bail out Dexia, world’s biggest lender to local governments read more »
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Fears that many will be unable to meet repayments or get re mortgaged the FSA will offer mortgage repayment help and advice. read more »
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Ambac has confirmed a $1.5bn plan to preserve its AAA credit rating read more »
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Announcement that Fed will make $30 billion available to banks with problems due to the credit crisis. Auctions will be continued every two weeks "f read more »
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Commentary on Bernanke report on monetary policy, particularly "I don't anticipate stagflation read more »
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Fitch to cut ratings on a number residential mortgage-backed securities insured by MBIA Inc, Ambac Assurance Corp, FGIC Corporation and Security read more »
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Largest downgrade of US companies to junk since 2003. Predicts rise in US company bond defaults to 4.7 percent in 2008. read more »
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