Lehman to announce initiatives, KDB talks uncertain
Lehman Brothers is set to announce its "strategic initiatives" on Wednesday that could include plans to sell British real estate assets to BlackRock.
comments (0)
IMF: World growth to slow before recovery
World economic growth is set to continue to slow in the second half of 2008 before a gradual recovery in 2009, the IMF said on Tuesday.
comments (0)
US subprime crisis: All aboard the foreclosure bus
Have a little money saved up? Why not take a new kind of tour -- to peruse the bank-seized properties of homeowners fallen on hard times?
comments (0)
US feels effects of property market crash
House prices in the US are plunging at their fastest rate for 12 years, leaving millions of people struggling to meet home loans.
comments (0)
Bank shares tumble on Fannie, Freddie worries
Shares in Asian and European banks tumbled on Tuesday as investors dumped stocks on concerns about exposure to troubled US mortgage lenders.
comments (0)
Markets plunge in fresh US housing crisis
United States worries grew on Friday night when federal officials took over California mortgage lender IndyMac after a run on the bank by depositors.
comments (0)
SA banks largely unaffected by global woes
South Africa has a well-regulated and capitalised banking system which has been largely unaffected by the United States subprime market crisis.
comments (0)
Reserve Bank: SA largely unaffected by subprime crisis
SA has a well-regulated and capitalised banking system that has been largely unaffected by the US subprime crisis, the Reserve Bank said on Tuesday.
comments (0)
