Reuters - Last: BERLIN, Sept 19 (Reuters) - The liquidity crisis that sent shockwaves through the international financial system will also hurt third-quarter profit at Deutsche Bank (DBKGn.DE: Quote , Profile , Research ), one of the largest players in the

Asian markets mostly higher as Wall Street extends rally to second day
Forbes - SINGAPORE (Thomson Financial) - Stock markets across Asia were mostly higher Thursday, buoyed by a second day of gains on Wall Street overnight although persistently high commodity prices and continued worry about the stress in credit markets capped

Calyon faces task to recover reputation
MSNBC - Risk management procedures at Calyon, the investment banking arm of France's Cr dit Agricole, were called into question on Wednesday after it warned about a 250m ($348m) unauthorised trading loss. Calyon announced on Tuesday evening that its

Housing Troubles Dealt the Fed A Unique Market
Washington Post - The crashes of 1987 and 1998 started in the stock and currency markets and did not spread extensively to the broader economy. In contrast, the current credit crunch began in housing and directly threatens consumer spending, which is key to the health

Why Northern Rock Crumbled
BusinessWeek - On Sept. 13 word leaked out that the bank, squeezed by the credit crunch that followed the subprime-lending crisis in the U.S., had asked the Bank of England for an emergency bailout. The news set off a 1920s-style bank run by depositors, who lined