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A painful rebuild ahead for property

25.09.09
People say the property sector is on the mend, but that is taking a lot on trust... more

Top rating agencies are to be sued by pension giant

15.07.09
The world’s top rating agencies are to be sued by one of America’s most powerful institutional investors over their role in credit boom and bust ... more

Vedanta slides as S&P gets cold feet over debt burden

26.06.09
London-listed Indian mining group Vedanta's huge debt mountain threatened to cast a long-term shadow over its expansion plans as credit rating agency Standard & Poor's said it had placed the group on its CreditWatch list with "negative implications"... more

Drax tackles debt pile with £108m cash call

23.06.09
Power station operator Drax raised £108.2million to reduce its £370 million debt burden after its credit rating was downgraded by Standard & Poor's... more

S&P cuts back Ireland’s rating for second time

08.06.09
Ireland had its sovereign debt rating slashed for the second time in two months, and was warned it could face further downgrades after Standard & Poor’s said it would cost more than expected to bail out the country’s banks ... more

OECD attacks S&P for ‘inexplicable’ downgrade

22.05.09
Standard & Poor’s experienced a backlash after it threatened to cut Britain’s AAA credit rating ... more

Facing a dilemma over downgrades

22.05.09
One group of businesses to have been on the receiving end of official wrath over the credit crunch are the rating agencies. ... more

Pound plunges on threat of rating downgrade by S&P

21.05.09
Sterling fell sharply after credit ratings agency Standard & Poor's cut its outlook for the UK on fears over ballooning levels of Government debt... more

ECONOMY: Shares and the pound hit by UK credit shock

21.05.09
The City reacted with dismay as Britain’s “safe as houses” credit rating came under threat for the first time... more

£400bn black hole in Darling's figures

21.05.09
Standard & Poor's warned of a near-£400 billion black hole in the government finances... more

Borrowing shoots up to a record high

21.05.09
Standard & Poor's report on Britain's staggering debt came as official figures showed borrowing at a record high... more

C&W leads fallers as City sentiment begins to wane

21.05.09
Cable & Wireless was London's biggest dud today as its house broker reined in forecasts for the coming year... more

India-flavoured shares add spice to gains by the Footsie

18.05.09
Investors waiting for the next mining boom had better be in it for the long haul: analysts predicted that it won't start until 2016 ... more

S&P recovery could be Slow & Protracted

01.04.09
Have credit-crunched stock markets reached the bottom and started heading up? Maybe, but it could be a long time before the losses sustained since last October are recouped. ... more

New worry over depth of downturn in Britain

25.02.09
Economy: Britain is in a deeper recession than economists thought, official figures showed... more

Proposed changes should cut bank's risk-taking

24.02.09
Banking: Proposed changes to how banks assess risks in their trading books would require them to hold more capital and should discourage them from taking excessive risks... more

Pay consultants deserve blame for banks' woes

16.02.09
MORE on the blame game for the mess we're in. Bankers get the rap and credit-rating agencies, institutional shareholders, analysts, lawyers, accountants, PRs, media, regulators and government go free. Reader Michael Davies from Oxfordshire writes: "It is also apparent that there is one other group that has contributed substantially to the problem of bankers' pay which has escaped attention. This is the group of remuneration consultants who have advised the various boards on senior executive pay. Their habit of collecting data on industry pay levels and then suggesting similar percentage levels for their clients has not only created a upward spiral in pay levels, as everybody measures everbody else, but has ignored the need for a reality check as to what absolute amount is really needed to provide incentives in the business line concerned."... more

Two suspects quizzed over starting bush fires

12.02.09
Australian police are questioning two people suspected of deliberately lighting one of the 400 bushfires that killed at least 181 and left 5,000 homeless in the country's southern state... more

Fed in £346bn move to kick-start housing

31.12.08
Finance: The US Federal Reserve has set a goal of buying $500 billion in mortgage-backed securities by mid-2009 in a bid to bring down mortgage costs and restart the collapsing housing market... more

New forecast puts Britain on course for worst figures since 90s

20.10.08
Collapsing house prices are plunging 60,000 homeowners a month into negative equity, putting the country on course for a worse crisis than the Nineties property crash... more

GM, Ford and Chrysler 'could go bankrupt'

10.10.08
General Motors, Ford and Chrysler could go bankrupt, Standard & Poor's warned. ... more

How dithering Darling failed to please bankers or the markets

07.10.08
When Chancellor Alastair Darling rose to address MPs on the financial crisis at 3.29 pm yesterday the FTSE 100 share index was a mere 200 points down... more

Samurai bonds hit by Lehman

17.09.08
Finance: Failed bank Lehman Brothers is set to become the first US company to default on a samurai bond, raising fears the fast-growing market may now be closed to borrowers... more

JPMorgan in new tilt

16.09.08
Jamie Dimon’s JPMorgan Chase is expected to make a new bid for Washington Mutual, the biggest building society in the US, after its credit rating was cut to junk by Standard & Poor’s... more

Warning of defaults as junk bonds get riskier

11.09.08
Finance: Almost a third of European junk bonds are trading at distressed levels, and analysts reckon a wave of defaults are on the way... more

NAB lashes out over downgrade

04.08.08
Clydesdale owner National Australia Bank has railed against a credit ratings downgrade after revealing a big hole in its books... more

Trade talks collapse may put us in reverse

01.08.08
Amidst all the despair surrounding the credit crunch, the biggest news this week has been the collapse of the Doha trade talks... more

Record fall in house prices

31.07.08
Britain's biggest building society reported a record fall in house prices as another leading mortgage lender predicted an even bigger 20 per cent slump in values... more

1.7m at risk in negative equity slump

30.07.08
House prices are to fall another 17 per cent - leaving 1.7 million homeowners trapped in negative equity, a top City firm warned... more

Cost of world's share shakeout is £2.7 trillion

12.02.08
Investors are bracing themselves for one of the most difficult years in stock market history after new figures showed more than $5 trillion was wiped off the value of shares across the globe in January... more

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