Morning all. Market reports:
Telegraph
The Times
The Times (Need to know)
FT
The Guardian
The Independent
This is Money
Warren Buffett, one of the richest men in the world, is to invest up to $10bn (5.4bn) in Goldman Sachs as the investment bank attempts to bolster its financial position amid continued fallout on Wall Street as a result of the sustained credit crisis.
Warren Buffett to invest $10bn in Goldman
US Treasury Secretary Hank Paulson and Federal Reserve chairman Ben Bernanke warned that the US economy faces serious consequences if Congress fails to approve quickly a proposed $700bn (377m) mortgage bail-out fund.
Fears over US economy as $700bn bail-out awaits approval
Could this be the turn in the bond market? The relief rally following the promised $700bn ($538bn) clean-up of Wall Streets toxic waste lasted barely more than a trading day. Foreign investors may finally be cottoning on that they are bailing out Uncle Sam. With bonds and shares falling and oil shooting up this could get nasty.
US Treasuries: Will foreign investors remain buyers?
The billionaire John Paulson was revealed yesterday as one of the hedge fund bosses who has been short-selling UK bank shares - placing a near 1bn bet that their share prices would fall dramatically.
Get Shorty: The man who has bet 800m against British banks
Almost half of all Britons fear that their money is not safe in the bank. An exclusive survey for The Times has revealed that 44 per cent of us are less certain about the security of bank deposits, the clearest indication yet of how confidence in Britain's financial institutions has drained away.
Customers lose faith in the security of their bank deposits