Bank shares hit indexes as housing woes resurface
232478
U.S. stocks fell on Thursday as concern about the extent of the housing market's slowdown unleashed a sell-off in shares of mortgage lenders and hurt shares of big banks like Citigroup Inc. .
503440
Rising interest rates hurt the value of hedges it holds to protect profits on its mortgage portfolio.
181308
UK banks have built up a number of risky investment positions that could trigger a financial crisis if a shock caused a sudden rush to sell up, the Bank of England warned yesterday.
690633
Fears of a house price crash and the impact of cheap imports have tempered Bank of England expectations of an inflationary spurt. The Bank&#39;s Monetary Policy Committee, in its quarterly
530355
The UK's main share index, the FTSE 100, falls sharply on fears of further credit woes in the banking sector.
151880
Even borrowers with strong credit are feeling the pinch as home values fall and payments rise. Tuesday, several banks are expected to offer assistance to ease the burden.
20112
Mortgage lenders and homebuilders were the big losers in UK stock markets on Friday, dragging the FTSE indices lower, after news of house price falls combined with Northern Rock&#39;s difficulties to send investors running for the exits.
349498
Shares of retailers and home builders rose on expectations of more interest rate cuts, but those of banks and insurers fell on worries about further mortgage debt troubles.
754094
The Bank of England was handed an unexpected dilemma yesterday as factories suffered their worst fall in output for two years but house prices bounced back sharply.
542976
Wall Street lost momentum from last weekâs gains after news of declining existing home sales stirred concerns about the strength of the economy.
334067
Stocks fell after bomb scares swept London and concern grew that banks face more losses from subprime loans.
716717
U.S. stocks stumbled on Monday after data showed the inventory of unsold homes soared to its highest level in over 15 years as subprime mortgage market troubles continued to wreak havoc in the housing sector.
57597
Business & money: Investors continue to pile into property market in spite of rising interest rates.
386828
Countrywide Financial Corp., its stock pummeled this week by rumors of bankruptcy and lackluster housing market forecasts, said Wednesday the percentage of borrowers who missed payments on home loans last month rose, signaling worsening trouble for the nation's largest mortgage lender and for the entire mortgage sector.
628462
UK bank shares fall on worries about big mortgage lender Northern Rock, as the credit crunch continues.
176719
Leading shares finished lower, with the UK construction sector down on concerns the Bank of England&#39;s decision to keep interest rates unchanged has upped the risk of a further hike by the end of the year.
630272
Property stocks came under pressure on Friday after a leading broker warned clients that now was not the time to venture back into the sector.