As falling house prices and tightening credit squeeze America’s economy, some worry that the country may suffer a decade of stagnation, as Japan did after its bubble burst in the early 1990s...
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Nationwide, one of Britain`s biggest mortgage lenders, is in advanced talks to merge with the Derbyshire Building Society in a move expected to kick-start consolidation of the £350bn industry...
Another month of weak retail sales in July added to evidence that the spending power of American consumers has weakened considerably, despite the booster shot of billions of dollars from the government’s tax stimulus program....
With each successive month the plight of Detroit’s Big Three manufacturers—General Motors (GM), Ford and Chrysler—becomes a little more desperate and their eventual fate less certain....
JP Morgan, the US banking giant that rescued Bear Stearns earlier this year, has held talks with several interested parties about forming a consortium to break up HBOS, the UK`s biggest mortgage lender which includes the Halifax brand....
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