UK July retail sales hit a 14-month high while government borrowing posted a record deficit for the month. Alan Clarke from BNP Paribas said it was encouraging for the bond market that there was the dissent among Bank of England members, as it suggests the BoE can increase its quantitative easing program again.
We had a good Easter and better weather which contributed to most retailers reporting good figures, Elissa Bayer from Charles Stanley said Thursday. "But the retailers have been discounting like mad. Even the autumn stuff coming in is highly discounted."
Many banking stocks have had the worst-case scenario priced in and that really hasn't been the case, Robert Pavlik from Banyan Partners told CNBC Thursday. Pavlik discusses the outlook for the banking sector.
The world's biggest lender by market value ICBC's first-half results beat expectations Thursday, reporting a profit of $9.7 billion. "The Chinese banks are the most popular banks in the world right now," Peter Hoflich from The Asian Banker said.
A sharp divide has been revealed between Bank of England Governor Mervyn King and the majority of his policy makers. George Buckley from Deutsche Bank considers the outlook.
Stock markets around the globe suffered dramatically during the week ending October 10th but how bad was it really? Here are the numbers.
The US government has taken a number of dramatic steps—both conventional and extraordinary—to try to remedy the problem. Take a look at what's been done.
Take a look at the failures of 2008 as measured by total assets and the cost to the FDIC’s deposit insurance fund.
Hasty takeovers, government bailouts, bankruptcy filings, CEO ousters and lots of interest rate cuts. Click for the big events of the big bust.
Lehman Brothers' bankruptcy protection filing is the largest in history, dwarfing all others. Take a look at the ten biggest corporate filings in US bankruptcy court.