U.K. Nationwide House Prices Drop Most Since 1990: U.K. house prices declined at the fastest annual pace in almost two decades in August after lower mortgage lending and the prospect of a recession discouraged home buyers, Nationwide Building Society said.
Bankruptcy Filings Surge 29%: Total filings rose to 967,831 from 751,056 a year earlier.
U.S. Says Banks on `Problem List' Rose 30% in Quarter: The U.S. Federal Deposit Insurance Corp. said its ``problem list'' of banks increased 30 percent in the second quarter to the highest total in five years as more commercial real-estate loans were overdue.
FDIC Is Broke? Report: FDIC May Borrow Money From Treasury: The Federal Deposit Insurance Corp (FDIC) might have to borrow money from the Treasury Department to see it through an expected wave of bank failures, the Wall Street Journal reported.
Analyst: FDIC Will Need Half A Trillon Dollars: Chris Whalen, managing director of Institutional Risk Analytics, in an interview on CNBC, said: They need about a half a trillion dollars in borrowing authority, and they need a vehicle to own these banks while we triage them and sell them.
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