He expected the number of staff dealing with arrears inquiries to double, from the 200 employed in August, by the time arrears levels hit their peak next year. One independent report suggested that, taking falling house prices into account, B&B could ..more

New York - Citigroup, widely seen as the sickest Wall Street bank, will make some of the most severe cuts in the history of U.S. business - 53,000 jobs - as it tries to slash costs and get back to basics before it's too late. The cuts, which will ..more

WASHINGTON (AP) - The two top salesmen for a $700 billion financial bailout are in for a grilling by Capitol Hill lawmakers just one week after the administration officially ditched the original strategy behind the rescue. Federal Reserve Chairman ..more

Asian stock markets sank today after Wall Street retreated and global financial firms announced another round of massive layoffs, adding to gloom about the world economy. European markets traded lower. Tokyo's Nikkei 225 stock average fell 194.17 ..more

Asian stock markets sank today after Wall Street retreated and global financial firms announced another round of massive layoffs, adding to gloom about the world economy. European markets traded lower. Tokyo's Nikkei 225 stock average fell 194.17 ..more