British banks ordered to disclose debt exposure amid contagion fears

Financial Services Authority (FSA) has stepped up scrutiny of UK banks' exposures to foreign government debt as fears of European sovere...

US is stripped of its AAA credit rating for the first time

The move is a major political embarrassment coming less than a week after high-stakes wrangling among Republicans, Democrats and The White H...

14 alleged members of the mortgage fraud ring include real estate attorneys, title closers, appraisers and straw buyers

14 alleged members of the mortgage fraud ring include real estate attorneys, title closers, appraisers and straw buyers. They were charged w...

Wachovia Gets Dreier-Related Suit Tossed, While Rothstein Suits Settle

The trustee in charge of liquidating the estate of the law firm of convicted Ponzi-schemer Marc Dreier has lost a bid to recover money from ...

Bankrupt Tour Firm Hurting Local Turkish Hotels

The bankruptcy of Britain-based Holidays 4 UK is victimizing Turkish hoteliers, according to the Turkish Culture & Tourism Ministry’s of...

Bankrupt Rhode Island city may default

Even an anti-default state law might not prevent Central Falls, the tiny Rhode Island city forced into bankruptcy by ballooning pension cost...

George Osborne interrupts holiday to make debt crisis calls

Chancellor George Osborne held a round of urgent calls on the financial crisis from his Californian holiday home, including one to Mervyn Ki...

In one of the biggest banks in the centre of Athens a clerk is explaining how his savers have been thronging to pull out their cash.

Wary of giving his name, he glances around the marble-floored, wood-panelled foyer before pulling out a slim A4-sized folder. It is about th...

Insolvency firm Jirsch Sutherland has begun clawing back money former Astarra Asset Management (AAM) director Shawn Richard paid out of his overseas bank account

Insolvency firm Jirsch Sutherland has begun clawing back money former Astarra Asset Management (AAM) director Shawn Richard paid out of his ...