Banking

US steps in to rescue failing home loan giants

guardian.co.uk     3 hrs ago   441 related          

The United States government last night announced the biggest financial bailout in the country's history, as it took the troubled American mortgage giants Freddie Mac and Fannie Mae into temporary public ownership to save...                    

US takes over key mortgage firms

bbc.co.uk     11 hrs ago   8 related          

US financial officials have outlined plans for the government to take over the failing mortgage giants Freddie Mac and Fannie Mae. The two companies account for nearly half of the outstanding mortgages in the US, and have...                    

Mortgage takeovers 'may boost UK'

icnetwork.co.uk     1 hr ago   3 related          

British mortgage experts have welcomed the historic US government takeover of mortgage giants Fannie Mae and Freddie Mac. The Bush administration has announced it is taking control of the two institutions to avert the...                    

China builds up £9bn stake in top British companies

telegraph.co.uk     2 hrs ago   1 related          

By Ben Harrington China's central bank has built stakes worth up to an estimated £9bn in Britain's index of leading blue-chip companies, including Tesco and Unilever. A Sunday Telegraph investigation revealed yesterday...                    

Weekend papers round-up: September 07

telegraph.co.uk     2 hrs ago   1 related          

The Sunday Telegraph China’s central bank has built stakes worth an estimated £9bn in Britain’s index of leading blue-chip companies, including HSBC, Tesco and Unilever. The Sunday Times The US Treasury is finalising a...                    

Skipton Building Society turns to Mum and Dad in home loan offer

timesonline.co.uk     4 hrs ago          

Mortgage lenders are turning to borrowers' "Bank of Mum and Dad" to offset the risk of lending to cash-strapped first-time buyers Gráinne Gilmore, Economics Correspondent Mortgage lenders are turning to borrowers' “Bank...                    

UN report points to China for lessons in stimulating growth

guardian.co.uk     3 hrs ago          

Gordon Brown is right. The reason Britain may be better placed than other countries to cope with the downturn is nothing to do with the supposed improvement in productivity (illusory) or the strength of the competition...                    

Bear buy-out arm stays course

ft.com     9 hrs ago          

Bear Stearns Private Equity, the London-listed buy-out business of the stricken US investment bank, is to be renamed JPMorgan Private Equity (JPEL) in a move its chief hopes will mark the end of a turbulent few months....                    

Renewed confidence in futures

ft.com     5 hrs ago          

To some, the idea of launching another US futures exchange only weeks after the CME Group swallowed the New York Mercantile Exchange might look foolhardy. But on Monday, NYSE Euronext, a rival exchange group – and so far...                    

House prices won't recover until 2012

thisismoney.co.uk     10 hrs ago   1 related          

for up to eight years. As their mortgages will be bigger than the value of their homes, they will be trapped in properties they cannot afford to sell. A separate report found one in ten homeowners could be in negative...                    

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