Morning all. Market reports:
Telegraph
The Times
The Times (Need to know)
FT
The Guardian
The Independent
This is Money
Barclays faced fresh embarrassment yesterday over its 314 million emergency loan from the Bank of England, when HSBC, its rival, furiously denied that an error by its bankers had forced Barclays into the red.
HSBC denies blame for forcing Barclays into the red over loan
The scale of Britain's personal debt mountain has come into sharp focus with new research showing a record number of households are facing serious debt repayment problems, and that Britons owe more money than the entire economy can generate in a year.
Record numbers face debt meltdown
Switzerland's top banker has warned of massive losses from the unfolding credit crisis, describing the collapse in US lending standards as "unbelievable". Jean-Pierre Roth, president of the Swiss National Bank, said market turmoil was far from over as tremors from the sub-prime debacle continued to rock the world.
Top Swiss banker attacks US lending standards as 'unbelievable'
America's largest mortgage lender, Countrywide Financial, appeared last night on the verge of receiving a $2bn (1bn) bail-out from Bank of America, alleviating the threat of a bankruptcy that could have rocked the US financial system.
Mortgage giant set for $2bn rescue package