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.
The FSA has blamed banks depending on credit rating agencies for their part in the credit crisis.
Northern Rock's small shareholders have given their backing to the latest bid from Lugman Arnold's investment group, Olivant.
Parties interesting in acquiring the stricken Northern Rock Bank should not assume they will have access to Bank of England loan facilities it was announced today.
Financial firms could lose as much $400bn as a result of the US sub-prime crisis, Goldman Sachs estimates.
The Liberal Democrats have demanded that any buyer of Northern Rock should have to pay back its £24bn loan in full.
Potential buyers for the ailing Northern Rock bank must submit their rescue proposals by the end of today.