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This is Money
Barclays Capital emerged yesterday, finally, to give some much-needed guidance to the clients, customers and other passengers of the bank. And, in short, it said: Exposures may be smaller than they appear. Again, it was not an entirely uplifting message, but it provided a welcome sense of the banks position.
Awkward silence that allowed rumours a free rein
Barclays appears to have been responsible both for designing a complex fund that got Sachsen into difficulty and for helping to pull the plug on the bank by demanding margin calls in respect of another Sachsen investment.
Barclays woes grow as crisis in sub-prime forces its client to be rescued
Ex-Goldman Sachs analyst faces jail after admitting insider trading
The three founders of Carlyle, the American private equity group, have come to the rescue of its troubled Dutch-listed subsidiary by providing the bulk of the $200 million emergency loans to help the fund to meet margin calls.
Founders of US fund dip into own pockets to rescue offshoot
The crunch in world credit markets is even worse than the turmoil of October 1998 that caused the demise of the Long-Term Capital Management hedge fund, a senior manager at private-equity giant Carlyle is warning investors.
Carlyle raises credit crunch alarm level
Study: US preparing 'massive' military attack against Iran
Sarkozy talks of bombing if Iran gets nuclear arms