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Nationalisation threat to banksFriday, November 21, 2008 @ 6:16PM The Government is using the threat of a wholesale nationalisation of banks in an attempt to force institutions to lend billions to small companies struggling to survive as Britain slips into recession.

Analyst firm cuts 2009 PC growth expectations by 64%Friday, November 21, 2008 @ 6:05PMiSuppli the first major market research firm to drastically cut its PC outlook for 2009. Amid rapidly deteriorating conditions in the global economy and financial system iSuppli said that it has reduced the expected growth rate from 11.9% to 4.3%. The company believes the market will improve in 2010, but fall behind previous expectations as well.

Summers to Join Obama White House, Boosts Fed Chances (Update2)Friday, November 21, 2008 @ 6:01PMNov. 21 (Bloomberg) -- Harvard University professor Lawrence Summers will join the Obama administration with a ready-made sales pitch for substantial economic stimulus and a chance that the role springboards him to the Federal Reserve.

Thousands more are struggling to pay their mortgagesFriday, November 21, 2008 @ 6:01PMThe number of homes being repossessed rose by 12% between July and September, while more people are still struggling to make their mortgage payments, the Council of Mortgage Lenders said yesterday.

Credit card fees risingFriday, November 21, 2008 @ 4:10AMBanks had already been tightening the screws on people with less-than-perfect credit. Now, even customers who pay on time will be hit. While average credit card rates have dipped as the Federal Reserve has cut interest rates, banks and retailers are trying to offset rising losses in their credit card operations by raising rates and fees across a broader swath of their existing customers.

AP Financial NewsBrief at 4:32 a.m. ESTFriday, November 21, 2008 @ 4:05AMBANGKOK, Thailand (AP) _ Most Asian and European markets rebounded Friday after sharp declines in recent days as investors scooped up battered financial and technology shares.

Housing money headed to midstateThursday, November 20, 2008 @ 11:08PMMacon and Bibb County are in line for more than $4 million in federal funding to fight the effects of foreclosures, and other Middle Georgia counties likely will split hundreds of thousands more from a federal response to the mortgage crisis.

Global finance could lose 1.7 trillion poundsThursday, November 20, 2008 @ 10:10PMTOKYO/LONDON (Reuters) - The global financial system could lose $2.8 trillion (1.7 trillion pounds) to the credit crisis, the Bank of England said on Tuesday, before an expected interest rate cut in the United States that others are poised to match.

Bernanke May Find Deflation Is Back as Fed Concern (Update1)Thursday, November 20, 2008 @ 11:12AMNov. 20 (Bloomberg) -- Five years after Federal Reserve Chairman Ben S. Bernanke helped stamp out the risk of deflation, the threat is returning as the financial crisis and a worsening economic slump pull inflation lower.