The crash of 2008: now the pain sets in

Smaller businesses are now starting to feel the effects of the financial crisis
IN these tough times Philip Fairey is getting used to hearing about his clients “doing a runner”. But a few days ago was the first time he caught one of them in the act.
“We got this message from someone who had been driving [...]

Financial crisis: US stock markets suffer worst week on record

US stock markets have suffered their worst week on record following another torrid day of trading despite growing hopes that the government could step in to guarantee bank deposits and lending between financial institutions.

Toronto stocks dive amid confidence crisis

TORONTO (Reuters) - The main index of the Toronto Stock Exchange plunged almost 5 percent on Thursday as mounting gloom over the state of the economy and the U.S. financial sector sent investors fleeing the market in a broad rout.
The financial sector was the biggest drag on the benchmark, sliding 7.74 percent. The energy and [...]