Earnings
- Wachovia Has Record $8.9 Billion Loss, Cuts Dividend – Bloomberg
- KeyCorp Posts First Loss Since 2001 After Tax Case – Bloomberg
- Fifth Third Reports $202 Million Loss on Higher Loan Defaults – Bloomberg
- SunTrust Profit Declines as Borrowers Fall Behind – Bloomberg
- Regions Cuts Dividend as Profit Falls on Missed Loans – Bloomberg
Finance
- Fannie, Freddie May Record More Losses, Ofheo Says – Bloomberg
- Bank Sues Analyst for Defamation – NY Times
- Wachovia ends wholesale mortgages – BBC News
- IKB in new sub-prime write downs – BBC News
- Anemic HBOS Offering May Hurt Other Banks – NY Times
- FDIC, Subprime Lender? – Housing Wire
- American Express Declines as Earnings Fall Short of Estimates – Bloomberg
Emerging Markets
- Inflation ‘to hit Asian growth’ – BBC News
- Argentina renationalises airline – BBC News
- Vietnam ups petrol prices by 31% – BBC News
Europe
Politics
- Back Obama for commander-in-chief – FT
- No U-turn. Obama’s stance on Iraq is chillingly consistent – Guardian
UK
- Measures to avoid the worst recession in 30 years – FT
- Banks offer glimmer of hope on new mortgages – Times Online
Spain
- El BBVA confía en la apertura de la economía como colchón a la crisis – El País
- La crisis provoca un brusco déficit después de tres años de superávit – El País
- La UE pedirá 30 millones por hoteles ilegales de Lanzarote – El País
- La construcción cayó un 19,1% en Galicia en 2007, según el COAG – El País