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Nationwide says mortgage lending fell 72 percent in 1H as Britons shunned home-buying (Minneapolis-St. Paul Star Tribune)
LONDON - British lender Nationwide Building Society said Monday mortgage lending fell 72 percent in the first half of its financial year, as home buyers were deterred by a crashing property market and mortgage rates were boosted by the credit crunch.
www.startribune.com
Expect less health coverage, at a higher cost, in 2009 - St. Petersburg Times
Most workers will see "skimpier and less comprehensive" employer-based health insurance coverage next year, according to an outlook released recently. Drew Altman, chief executive of the Henry J. Kaiser Family Foundation, said moderate increases in ...
www.tampabay.com
BNP Paribas likely broke insider trading rules in Urban deal: panel (The Japan Times)
BNP Paribas SA likely broke insider trading rules during a complex financing transaction with property developer Urban Corp., an independent committee set up by the French bank said Tuesday after reviewing the deal. Urban allocated ¥30 billion worth of convertible bonds to BNP Paribas in July. But the company disclosed only after it went bankrupt in August that it had raised just ¥9.13 billion ...
search.japantimes.co.jp
MBIA, Ambac Losses Widen on Higher Claims Forecast (Update4) (Bloomberg)
Nov. 5 (Bloomberg) -- MBIA Inc. and Ambac Financial Group Inc. , the bond insurers crippled by credit-rating downgrades, posted wider losses than analysts anticipated after slumping credit markets forced them to increase reserves for claims.
www.bloomberg.com

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