Credit Crunch
IMF: Credit crunch losses to hit $1trn
Global financial markets "continue to be fragile, and indicators of systemic risk remain elevated", according to the IMF's latest Global Financial Stability Report.
Inside Credit Crunch
House prices plunge again – as estate agents raise their fees
Monday, 28 July 2008
Many of Britain's biggest estate agents are raising their prices in a desperate bid to increase their earnings from the ever-dwindling number of homes they are now able to sell.
Bank profits to fall by half as Britain's big seven feel the pain
Monday, 28 July 2008
British banks' profits are predicted to more than halve in the interim reporting season that starts on Wednesday as credit-crunch writedowns and rising bad debts take a toll on the record profits reported a year earlier.
Gloom deepens in the banking sector as HBOS profits plunge 60 per cent
Sunday, 27 July 2008
With bid speculation intensifying after its failed rights issue, the high street mortgage lender is among a raft of banks reporting this week
Economic View: Our best chance of staying out of recession may be to back the Treasury against the Bank
Sunday, 27 July 2008
Housing crashes are always worse than expected. A mood in which people believe that property prices only ever go up is usually a reliable leading indicator of a crash. The psychological factor in housing booms (and busts) is too little noticed, presumably because it is difficult to pin any kind of numbers on a zeitgeist. Still, it matters greatly.
The banker the credit crisis couldn't touch
Sunday, 27 July 2008
Emilio Botin has made Spain's Santander a global player, acquiring Abbey and Alliance & Leicester on the way. But his strategy for growth does not involve being reckless, writes Elizabeth Nash in Madrid
Economy heads for recession as growth slumps
Friday, 25 July 2008
After years of boom, official figures on the economy published today will show that growth has slumped to nearly zero, leaving the nation already in, or close to, recession.
Consumer spending suffers biggest slump
Thursday, 24 July 2008
Official figures showed retail sales last month suffered their biggest slump for more than 20 years.
Mortgage approvals plunge by 66% in a year
Thursday, 24 July 2008
Would-be home buyers, businesses desperate for investment funds and bankers facing the possibility of ruin received unwelcome news yesterday from the Bank of England.
Fall in demand sends oil price sinking to $127
Thursday, 24 July 2008
Oil prices hit a new six-week low yesterday, sinking under $127 a barrel on slowing demand in the US and Europe in the wake of soaring prices and weaker economic growth. The fall was strengthened as fears receded that oil rigs in the Gulf of Mexico would be hit by Hurricane Dolly.
UK economy flirts with recession
Monday, 21 July 2008
The economic slowdown is deepening and a slew of indicators published today point to falling confidence, contracting markets and gloomy predictions for recovery.
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EDITOR'S CHOICE
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Carla: Call me Jackie - but is Sarko new JFK? -
The dark side of the Pitcairn Island -
Pass the pretzels: it's Bush, the movie -
Scientists could turn us all into Batman -
Meet the new Three Tenors -
Gabriella Cortese: Inside her Paris home -
Satellite towns: Hi-tech train travel -
Six To View - pick of the property market -
Shrew with taste for the amber nectar -
Nasa's 50 years: the 50 giant leaps -
How you can fly without fear -
Hypersomnia: the rare sleeping disorder -
Go glam: the Ten Best Pendants -
The rise of the silver swingers -
Record breaker: The best album deals -
Mark Borkowski on the fame game -
Daley Thompson: champion time forgot -
The Independent. We deliver. (Cheers!)
Most popular
Read
1 50 years, 50 giant leaps: How Nasa rocked our world
3 Call me Jackie... OK Carla - but does that make Sarko the new JFK?
4 Randy Pausch: Professor famous for his 'last lecture'
5 Evil under the sun: The dark side of the Pitcairn Island
6 Love child and mistress claims hit Edwards
7 What traffic? Go to work on a jetpack
8 Tottenham keen for Modric to spur new generation
Emailed
1 Statins 'halve' the risk of dementia
2 Fast food invasion hits Mediterranean diet in its heartland
3 Call me Jackie... OK Carla - but does that make Sarko the new JFK?
4 Love child and mistress claims hit Edwards
5 Groovy old men: The rise of the silver swingers
6 Randy Pausch: The dying man who taught America how to live
7 Leading article: The brain needs quality time
8 Six To View - pick of the property market
10 Merrill's fire sale sparks fears of more write-downs by the banks
Commented
2 Hamish McRae: Don't despair over house prices
3 Deborah Orr: Face the facts: men are more prone to violence than women
4 Mark Steel: Why do the unions keep handing over their money?
5 Hypersomnia: 'My doctor thought I was on drugs'
6 50 years, 50 giant leaps: How Nasa rocked our world
7 Adrian Hamilton: A bitter power struggle for the soul of democracy
8 Leading article: French lesson
Columnist Comments
• Deborah Orr: Face the facts: men are more prone to violence than women
What is murder? It is a much more complicated question than it may seem
• Mark Steel: Why do the unions keep handing over money?
Where unions have defied the trend and grown has been where they're seen to be defending the workforce
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