Chelsea Building Society's non-conforming mortgage range is to have certain high-risk products removed, it was announced today.
Future Mortgages has announced it is to reduce maximum loan to value (LTV) ratios across its range of prime and sub-prime mortgage products.
UBS has announced it will write off a further $19bn in bad debt as the Swiss banking giant struggles to restore its capital base.
BM Solutions is to withdraw its range of sub-prime self-certification products from midnight on Saturday.
Paragon Group is to restructure its Paragon Mortgage and Mortgage Trust brands to help it weather the credit crunch.
Peloton Partners has begun shutting down a £1bn London-based hedge fund due to severe losses as a result of the credit crunch.
The US sub-prime collapse and subsequent credit crunch wiped $7.7trn off global stock market values, a Bank of America report reveals.
UBS has reported the largest ever Q4 loss for a bank and its first yearly decline in a decade after the European giant was forced to writedown $13.7bn in US sub-prime debt.
Bradford & Bingley has taken a major hit from the US sub-prime crisis, with full-year profits falling by almost 50% for 2007.
The US economy in 2008 will grow at a similar pace to 2007, despite widespread fears of a recession, according to a report from the White House.