US stocks slide on housing data
Leading US shares close down, after figures showed a sharper-than-expected drop in the number of new homes being built.
October 17, 2008
Spanish airline suspends flights
Passengers are stranded as Spanish-based airline LTE International halts operations over financial problems.
Legal & General sales up 5 pct but outlook mixed
Insurer Legal & General Group posted a 5 percent rise in nine-month sales on Thursday and said its prospects were not as bleak as some might imagine given the global economic turmoil.
French savings bank in €600m trading loss
Caisse D’Epargne, one of France’s biggest savings banks, made a €600m loss when the market crashed last week after a team of derivatives traders made unauthorised bets
Cameron attacks Brown as crisis truce ends
The UK’s Conservative leader, reopened political hostilities with the prime minister over the financial crisis, accusing him of recklessly presiding over a ‘total breakdown in economic responsibility’
French savings bank in €600m trading loss
Caisse D’Epargne, one of France’s biggest savings banks, made a €600m loss when the market crashed last week after a team of derivatives traders made unauthorised bets
Banking regulator calls for clean slate
The chairman of the UK’s Financial Services Authority says regulators should be engaged in a fundamental debate about how to set banks’ minimum capital requirements