The recession might be upon us, but the credit crunch is becoming more of a horrid, distant echo.
Northern Rock
Bradford bingled, but no Northern Rock
Once more a major British mortgage bank is in trouble, writes Glenn Dyer.
Across the pond: The US and UK deal with faltering economies
Bad news overnight from the UK and the US as both economies appear to be showing signs of sliding into recession, writes GLenn Dyer.
Hey guys, let’s not do another Northern Rock
Australia doesn’t need an insurance system for bank deposits, we just need to sort out the regulation of banks and other financial groups, writes Glenn Dyer.
Doom and gloom wrap: More losses forecast for big banks
Just when some analysts were starting to call the bottom of the US subprime induced slump in banking and housing, along comes more gloom with some bearish forecasts on big banks, Citigroup and UBS, while the Northern Rock rescue in the UK looks to be in trouble, writes Glenn Dyer.
Northern Rock bailout runs into the tens of billions
According to London reports, the rescue of the failed mortgage bank, Northern Rock could match or surpass the amount the British Government spends on defence, writes Glenn Dyer.
Central banks in the dark on credit crunch
It’s not often you get a central banker who calls for clarity of information in markets. After all, they are supposed to know everything, aren’t they?
