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This is Money
A Goldman Sachs filing with the US Securities and Exchange Commission has led to allegations that it may have inflated profits in the third quarter to a spectacular $8.23bn (4.03bn) by booking paper gains on mortgage derivatives at too high a value.
Goldman Sachs in 'paper profits' row
Britain's specialist mortgage lenders remain threatened by the crunch in the credit markets as the lack of demand for mortgage securitisations undermines their funding models, the ratings agency Standard & Poor's said.
S&P flags up funding problems for small banks
Gold has soared to a fresh 28-year high of $760 (372) an ounce on fears of global currency disorder and a surge of buying by Japanese investors using exotic trading signals. Traders report a sudden burst of activity on the TOCOM gold futures markets in Tokyo as the price breaks through the psychological barrier of 3,000 yen (12.52) per gramme, the measure used by the Japanese to trade gold.
Japan's grannies drive up gold prices