Meltdown losses of ‘$4 trillion’
The IMF says the worldwide credit crunch will cost $4 trillion and damage the financial system for years to come.
April 21, 2009
Darling to issue £200bn of bonds
The UK chancellor will have to issue more than £200bn worth of government bonds this financial year as he concedes that public finances have plunged deeply into the red
Business Analyst - Implementation
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Geithner admits ‘mixed’ bail-out results
Treasury secretary acknowledges that evidence of improved liquidity as a result of the US bank bail-out is ‘mixed’, but defends the $700bn Tarp scheme against charges that it gives an easy ride to the financial sector
Retail prices fall for first time since 1960
The rapid decline in mortgages and fuel prices lead to a fall in retail prices in March, the first monthly reduction in prices since 1960 and confirmation that deflation remains the biggest challenge for policy makers
Negative equity borrowers still pay mortgages, says CML
Negative equity borrowers still pay mortgages, says CML