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| The US Treasury backed away from assurances that it would not have to rescue Fannie Mae and Freddie Mac, as the crisis surrounding the mortgage groups deepened with their shares falling for a third day |
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| Mark Pain, finance director of Barratt Developments, describes it as one of the most difficult periods of his 25-year career |
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| Macquarie Airports announced an overhaul of its balance sheet that will see the Australian fund selling A$1.5bn of European airport assets to help reduce debt and fund a A$1bn share buy-back |
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| Shares in Lehman Brothers continued their steep decline, falling more than 13 per cent amid fresh predictions of significant third-quarter writedowns |
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| The severity of the US mortgage crisis was underscored as Freddie Mac, one of two government-sponsored enterprises that underpin the US housing market, paid its highest risk premium to sell a $3bn (£1.6bn), five-year debt issue to investors |
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| PWC will announce a global reorganisation that matches efforts under way by some of its rivals and underlines a shift in focus towards emerging markets |
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| Barclays would consider buying a US wealth management company but is 'highly unlikely' to bid for an investment bank, even with the depressed share prices of many Wall Street firms, Bob Diamond, the bank's president, said on Tuesday |
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| A Canadian hedge fund manager ordered to pay almost $300m in compensation and fines after defrauding investors is unlikely to pay more than has already been recovered, according to lawyers for the receiver of the failed fund |
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| Babcock & Brown, the embattled Australian investment group, is reviewing the future of its board and management in the wake of a fresh plunge in its share price |
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| Alliance Trust, the international investment trust and financial services group, has promoted Katherine Garrett-Cox to chief executive |
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| Investment houses are at last putting down permanent roots in Saudi Arabia |
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| The US-based venture's target comes as the region's incumbents, including the London Stock Exchange, are preparing to deal with a wave of 'multilateral trading facilities' |
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| The upstart Kansas-based equity trading platform is set to operate as a registered national securities exchange, adding to mounting competition in the stock exchange sector |
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| UK-listed private equity group, 3i, plans to re-enter the European funeral services market following a deal to acquire a 75 per cent stake in Spain's Memora Inversiones Funerarias |
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| When 3i floated its £400m ($746m) Quoted Private Equity investment company in June 2007, it struck some observers as a poorly timed move by the UK-based group to buy shares at the top of a bull market |
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Equipment Leasing
