Economic recovery in Britain will be slowed down by a possible credit shortfall of £180bn next year caused by the weakness of the banking sector and the state budget deficit, the International Monetary Fund (IMF) warned today.
Credit Suisse has rebounded from large losses at the start of the year to post a better than estimated CHF 1.2bn (£580m) profit in Q2.
Billionaire hedge fund manager John Paulson has warned global credit crisis write-downs and losses could reach $1.3trn.
The strength of emerging markets is the only thing preventing a full-blown global recession, Hexam's Marina Akopian believes.
The IMA has warned compensation levels are rising in the investment arena and the industry will be in trouble if it continues to allow or encourage unattainable client expectations.
European Central Bank chief Jean-Claude Trichet says the worst of the credit crisis may still be ahead.
Arrears at Northern Rock have increased due to a squeeze on the availability of mortgages in recent months.
Northern Rock's shareholders have begun a legal challenge against the Government to receive compensation for the shares lost when the bank was nationalised.
Northern Rock has revealed details of 2,000 redundancies to take place over the next few years.
Leader of the Conservative Party David Cameron says the FSA lacks expertise in key areas and should not be in charge of rescuing banks.
Northern Rock is to be nationalised after the House of Lords backed down on its demands for additional checks on the bank.
Northern Rock's shareholders are considering taking legal action against the Government over the nationalisation of the bank.
Ron Sandler, the new executive chairman of Northern Rock, insists the bank can be returned to the private sector in time.
Richard Branson's Virgin Group has placed the highest bid for Northern Rock, it was revealed last night.
Olivant, the investment vehicle headed by former Abbey boss Lugman Arnold, has pulled out of the bidding race for Northern Rock.
Bidders are expected to submit their formal proposals to takeover Northern Rock ahead of today's deadline.
The hedge funds challenging Northern Rock's directors, RAB Capital and SRM Global, have been largely defeated in today's extraordinary general meeting (EGM).
Northern Rock shareholders are to attend an Extraordinary General Meeting (EGM) tomorrow to discuss the bank's future.
Northern Rock has today agreed to sell £2.2bn of mortgage assets to investment bank JP Morgan.
Northern Rock is to hold an emergency meeting on 15 January to discuss its sale process.
Investors should not treat emerging markets as a ‘safe haven' amid global uncertainty, says Aberdeen Asset Management.
The amount of money lent for mortgages has declined by 8% since October, indicating a slowdown in the market, according to the Council of Mortgage Lenders (CML).
Mervyn King, governor of the Bank of England, has been accused of taking a U-turn over his decision to collaborate with other central banks to provide bailouts to struggling financial institutions.
Central banks from across the globe have united to provide billions in loans to alleviate liquidity concerns.