More than one in every eight homeowners with a mortgage was behind on home loan payments or in some stage of foreclosure at the end of the second quarter, as mounting unemployment aggravated the housing crisis, the Mortgage Bankers Association said.
Reuters reports that Eden Rock Structured Finance has seen its value drop further in 2009, leaving some investors saying they are worried they may get back little of their money in the hedge fund, which is due to be wound up after losses last year.
3i, formerly one of the leading Venture Capital Groups in Europe, has entered exclusive talks to sell a portfolio of 36 European venture capital investments to a consortium led by Coller Capital and HarbourVest Partners for about £100m.
The bank today announced a fully underwritten SKr15bn ($2bn) rights issue to shore up their balance sheet hit hard by economic turmoil in eastern Europe.