Finance and Credit Professional

In the last week, many encouraging signs have been on the economic radar: The Bush administration has stated that a consensus has been reached about the impending $145 billion economic stimulus package, the Federal Reserve has cut their most important interest rate by the largest margin in a quarter century, and bond insurers are to [...]

While New York and the City of London react to real news and rumours about the state of the banks by dropping hundreds of points in a day and then gaining some of it back, some countries might imagine they won't be affected by the lack of confidence in past decisions made by US and [...]

The confirmation by the Bank of England of support for Northern Rock plc on 12 September 2007 is the first major sign of international fallout from the collapse of the US subprime mortgage lending market.In the US, lenders such as New Century Financial Corporation, the second largest subprime lender in California, have gone bankrupt. In [...]