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Another bank closes and more announce plans to restructure.
If you know anything about the Chinese, the chances are that you know that the number 8 is auspicious. So 08.08.08 would be a fantastic day, right?
Another mortgage-backed fund in New Zealand has announced a suspension of withdrawals - but not for everyone, yet.
There's not a lot of people saying "TGIF" in the US banking sector for that's the day that regulators announce the banks they are closing as the fallout from bad management continues to bite.
The daily news doesn't give a very accurate picture of the overall performance of markets in turbulent times. But the monthly analysis of major markets shows a remarkable picture.
Echoing the problems faced by global giants, a Scottish coffee chain has succumbed to the pressures of the economy.
New Zealand is touted as the poster-child for a successful economy despite interest rates so high theyd get up an astronaut's nose. But behind the smiles, a different story is emerging.
Reports in the Canadian media today show a terrifying collapse in the value of property.
The official notice that caused turmoil: "On 11 July, 2008, IndyMac Bank, F.S.B., Pasadena, CA was closed by the Office of Thrift Supervision (OTS) and the Federal Deposit Insurance Corporation (FDIC) was named Conservator.
All non-brokered insured deposit accounts have been transferred to IndyMac Federal Bank, F.S.B. (IndyMac Federal Bank), Pasadena, CA ("assuming institution") a newly chartered full-service FDIC-insured institution."
More evidence that the UK's Labour Party, under the stewardship of Tony Blair and Gordon Brown, has squandered the health economy gifted to them in 1997 comes with a rash of economic data that shows that despite years of good-news stories, the UK economy is actually not merely fragile but broken.