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Bank of England warns mortgage defaults to rise in months ahead

Survey of lenders paints gloomy picture of new deals drying up and end to ‘golden era’ of cheap mortgages

UK’s 13-year housing market boom to end in 2023, surveyors predict

RICS report says rise in repossessions will add to supply while soaring interest rates price buyers out of market

The Bank of England’s lifeboat is in choppy waters with its bond buying

Pensions hedging crisis shows how the City never seems equipped to handle the next big financial hazard

Rise in UK borrowers falling behind on mortgage payments, says Santander

Boss says bank is putting aside more money for potential defaults linked to cost of living crisis

US is headed for a recession, says head of JP Morgan Chase bank: ‘This is serious’

Jamie Dimon said the Federal Reserve ‘waited too long and did too little’ as inflation has surged in the past 18 months

May I have a word about… why the market is always spooked

I know we are in volatile financial times but let’s at least have a bit of linguistic variation

OBR forecasts likely to show £60bn-£70bn hole after Kwarteng’s mini-budget

Predictions handed to chancellor expected to paint gloomy picture for UK economy amid sweeping tax cuts

Kwarteng considers extending mortgage guarantee scheme

Initiative may continue beyond December as bank bosses raise concerns over mortgage market

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

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  • Global stocks fall amid ‘big worries over AI’ after Democrats’ midterms triumph
  • US tech stocks post modest recovery on Wall Street after worst day in 19 months – as it happened
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  • US tech stock rout: is the AI bubble bursting?
  • EU charges TikTok with failing to protect users’ mental health
  • David Jones was months behind in payments to some small Australian brands before going into administration, suppliers say
  • Commuters and shoppers face disruption from tube driver strikes in run-up to Christmas
  • US job growth exceeds expectations in October despite economic uncertainty
  • UK house prices fall at steepest rate in more than three years
  • Tesla to wind down Cybertruck production as Elon Musk focuses on robotics and AI
  • Dream ticket? Super-rich can sleep pretty with Singapore Airlines ‘largest double bed in the sky’
  • Minister tells energy suppliers to do more to help households tackle unpaid bills this winter
  • Nasdaq sees worst day in 19 months as investors bet on AI slowdown after Democrats’ election triumph
  • Bank of England raises interest rates to 4%, the first increase for more than three years
  • Multiple planes diverted as bomb threats to commercial flights reported across Europe – as it happened
  • Why have more than 30 European flights been hit by bomb threats this week?
  • Today’s UK interest rate rise unlikely to be the last unless Iran war ends; Wall Street slides on AI fears as ‘panic sets in’ – as it happened
  • How Democrats used the midterms to turn affordability concerns into ‘green populism’
  • Lynne Walker obituary
  • Pound hits highest level since its crash after 2016 Brexit vote
  • BT cuts almost 8,000 jobs amid sweeping cost-saving programme
  • Amtrak workers’ union denounces plan to let passengers bring guns on trains: ‘Sheer lunacy’
  • Debt of poorest countries at record $9.4tn high, World Bank data shows
  • David Jones wrongly believed it could be exclusive and everywhere. Can the 188-year-old institution keep the lights on for Christmas?
  • What does the UK interest rate rise mean for homeowners and savers?
  • Interest rate rise in midst of cost of living crisis will leave many incredulous
  • Rural voters were feeling left behind before the midterms, poll shows
  • South West Water’s failure to fix leaks ‘putting customer supplies at risk’
  • ‘I never understood wind’: midterms spark hope for renewables after Trump’s hostility
  • Like many others, 87-year-old Janet came to ‘say goodbye’ to the Australian institution that is David Jones

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