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With an average value of £20m per flat, how will the credit cruch effect One Hyde Park, London's most expensive apartment complex?

A porperty investor who bought a flat for £175,000 last year is facing a negative equity nightmare after its value fell by almost 50%

Bradford & Bingley shares fell below their 55p rights issue price after its largest investors were forced to step in to rescue the ailing mortgage lender. TPG pulled out of a £400m capital increase after Moody's downgraded B&B

The Federal Reserve Bank of New York confirmed the estimated fair value of assets that were formerly held by Bear Stearns at about $29bn, about $1bn less than they were worth when the investment bank was sold to JPMorgan in March

The Swiss bank, Europe's biggest casualty of the US subprime crisis, confirmed it faced further heavy write-downs on exposures to troubled US credits, meaning second-quarter would be 'at or slightly below' break-even

Private equity group TPG Capital pulled out of a £400m capital increase for Bradford & Bingley after Moody's downgraded the UK mortgage lender's credit rating

Job cuts at the US group's investment banking business in the region reflect how the economic slowdown is hitting even banks that have weathered the credit crisis well

Despite the credit crunch driven savings price war the average rate on cash Child Trust Funds has dropped by 0.21% over the past year

A cash machine mistakenly told a 16-year-old boy he had £2m in the bank, causing him to go on a spending spree

Halifax has cut the rates on some of its variable rate accounts for the second time since April, while Heritable launches a high interest account for over-50s