UK Mortgages rates and deals

…Fannie Mae and Freddie Mac bought as much of this &##x27;enhanced&##x27; paper as they could. The yields were great and how could they lose if the likes of AIG were going to guarantee the first loss? In 2006, FNM/FRE were trying to build market share in high risk mortgages. They …

Banks will have to retain more capital than currently required, making them less profitable but safer, under landmark proposals set out by Britain’s financial regulator

Unemployment has soared to above 2m for the first time since Labour came to power in 1997, with the private sector bearing the whole burden of the increase, according to official figures

dave.ellins posted a photo:

WASHINGTON (Reuters) - The chairman of a U.S. congressional market-oversight panel urged the Obama administration on Monday to act decisively, and soon, on relieving troubled banks of their toxic assets.

PARIS (Reuters) - French bank Societe Generale defended its actions after the disclosure that it was among European banks which received payments from U.S. insurer AIG following its bailout.

Proposals to overhaul financial regulation in the UK banking sector will be unveiled by the Financial Services Authority.