A full interview with the Chancellor of the Exchequer Alistair Darling.

The Treasury reassured customers of B&B that their money is safe although people owning shares in the bank will lose out.
The break up and partial nationalisation of the Bradford and Bingley bank, will see the departure of chairman Rod Kent and the entire team of non-executive [...]

It was officially confirmed this morning that the troubled mortgage lender Bradford and Bingley has been nationalised by the government.

Bradford and Bingley is to be nationalised and an announcement will be made before the markets re-open on Monday. Savers have been told that their money is safe – but what about staff, shareholders and taxpayers?

It was reported today that city workers and finance workers are being recruited to be trained as teachers.  The Training and Development Agency (TDA) for Schools has seen an increase in traffic to its website since the credit crunch started. The surge of interest among people wanting to retrain as teachers means that teaching jobs are back in demand. [...]

In the last few weeks it seems as though the credit crunch has finally made its way over to Dubai. The Middle East might have escaped the worst of the credit crunch to date, but the region could still feel the fallout of the after effects. Banks are tightening their lending which is making it harder for [...]

Credit Crunch Cereal Animation – Just for fun..

Credit crunch is the state in which due to many reasons the rate of interest on credit is raised by the banks or private institutions. One of the major reasons for the credit crunch is that when these banks or private institutes start lending inappropriate and carelessly for a considerable time period. The recent credit [...]

The Oil rich Persian Gulf states have been facing many problems with their economies as the banks have been strict and stringent in providing them with credit. The reason for this move by the banks is the crisis that is being faced by the Wall Street. The United Arab Emirates, Arab Sheikdoms, and Saudi Arabia [...]