The Serious Fraud Office has launched investigations into both failed finance company Bridgecorp, and the Blue Chip property investment scheme. The SFO made the announcement a short time ago.

It's extremely difficult to put a positive face on the housing market these days. From rising foreclosures and delinquencies to slumping sales, to curtailed mortgage lending -- especially the crunch on jumbo mortgages -- the data each month have been rel

OSAKA, JAPAN -- Finance ministers from the Group of Eight industrialized nations shied away from discussing action to prop up the battered U.S. dollar, whose plunge is stoking inflation in the world's largest economy while hurting factories in Europe and

Banks in the United States kept tightening lending standards and terms for both business and consumer loans over the past three months out of concern about a weakening economic outlook, according to a Federal Reserve survey issued on Monday.

As the toxic cloud surrounding U.S. subprime mortgages continues to waft through the global financial system, banks and governments are seeking guidance from a battle-tested army: former Goldman Sachs executives