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Overview shows traders work on the trading floor of the Frankfurt stock exchange October 16, 2008. (Alex Grimm/Reuters)

Merrill 3Q loss widens on mortgage-related charges (AP)

19:15 16.10.2008

AP - Merrill Lynch says it third-quarter loss widened as it took more than $12 billion in charges from the sale of mortgage-related investments and fallout from the continued credit crisis.

Real Estate News

Swiss government injects six billion francs into UBS 
    (AFP)

Swiss government injects six billion francs into UBS (AFP)

19:15 16.10.2008

AFP - The Swiss government injected six billion francs into banking giant UBS on Thursday, and the central bank lent it 54 billion dollars to transfer its non-liquid assets into a separate fund. More»

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