Credit Suisse puts Zurich hotel up for sale in urgent liquidity dash Ailing Swiss bank’s share price has collapsed after being hit by series of crises
Rates for two-year fixed mortgage pass 6% mark for first time since 2008 News comes day before UK chancellor is due to discuss impact of market turmoil with high street lenders
UK mortgages: average rate on a two-year fixed deal soars to nearly 6% Government’s 45p tax U-turn and calmer stock markets do not result in cheaper new mortgage deals
Cost of insuring against Credit Suisse defaulting reaches record high Investors rush to buy credit default swaps as worries grow over solidity of bank’s balance sheet
Property prices dropped further in September and falls ‘could accelerate’ again with rate rise Investors and banks predict RBA will raise cash rate further on Tuesday, while rent increases begin to slow around Australia
‘We will likely lose our dream house because of Kwarteng’s actions’ Three homebuyers on how they have been affected by the collapsing mortgage market
Bond yields and doom loops: glossary of key terms to explain UK turmoil Your one-stop shop for all the jargon you’ve been reading since Kwasi Kwarteng’s mini-budget
More than 40% of mortgages withdrawn as market reels after mini-budget Lenders began pulling products on Monday as they struggled to price products amid financial uncertainty
British Business Bank warns of risk of defaults on Covid support loans Economic downturn could increase number of companies unable to repay loans including ‘bounceback loan scheme’
How can Octopus give me a fixed-rate tariff that isn’t fixed? All the literature confirmed the rate would not change, then it did
City sceptical about benefits of scrapping cap on banker bonuses Sources at largest banks say the did not lobby for move nor expect it to result in major changes to pay packets
Mum finds it hard ordering food due to M&S Bank’s fraud checks My mother was getting the hang of online shopping when the site introduced this extra step
Post Office prepares for deposit rush of paper £20 and £50 notes before deadline Friday is last day Bank of England’s old-style notes will be legal tender, having been replaced by polymer versions
Banks among biggest beneficiaries of Kwarteng’s mini-budget From scrapping the cap on bonuses to slashing red tape, the chancellor unveils a raft of policies he says will boost economic growth
Kwarteng throws UK on sacrificial altar of Trussonomics where only bankers win Chancellor maxes out with morally bankrupt budget that is anything but mini