Wellington Financial LP, a privately held specialty finance firm, today announced a $10 million venture debt commitment to OZ Communications Inc. , a leading consumer mobile messaging solutions provider headquartered in Montreal, Quebec.

The global financial and credit crisis has created a complex web of consequences, with some banks tied to the solvency of communities around the world. Charles Duhigg of the New York Times and Adam Davidson of NPR explain the trail of the crisis and the s

LONDON (Thomson Financial) - The Bank of England confirmed it will allow banks to swap mortgage-backed assets for government bonds in an effort to jump-start debt markets paralysed since last summer by the global credit crunch.

CONFIDENTIAL legal advice has warned that a tough emissions trading scheme could trigger such a sharp devaluation of power stations that financiers would be forced to call in millions of dollars in loans.

ORANGE, Cabonne and Blayney councils have been plunged into financial uncertainty as they prepare to incur million dollar losses in the wake of the collapse of US investment bank Lehman Brothers.