House prices ‘will keep falling’

House prices in the UK and the US are likely to fall for another two years, the chairman of one of the world’s most powerful banks has warned.

Sir Win Bischoff of Citigroup told BBC Business Editor Robert Peston he expects it will take two years for the markets to “stabilise”.

More in comments...

Pakistani bear market has investors raging in the streets

More in comments...

Shark Surgery

Shark surgery

Can he switch a man and woman's lower body?

Expect More Crisis

IndyMac has failed. Fannie Mae and Freddie Mac have been hobbled but kept alive by a government and Federal Reserve rescue.

All of this happened just weeks after President Bush and Treasury Secretary Hank Paulson claimed that the worst of the credit crisis had passed. Don't believe anyone who tells you that the worst is over until the banks, insurance companies, investment funds and mortgage companies that hold securitized debts fess up to what those securities are actually worth. The problem isn't that the securities are illiquid, it's that the prices should be lower than the financial institutions are willing to admit.

More in comments...

2 + 20, and Other Hedge Fund Math

MANY people would jump at the chance to invest in hedge funds, which have mainly been available to only the very wealthy. But a new study finds that the funds’ high fees make it unlikely that investors will improve their long-term performance by putting money into hedge funds.

More in comments...

Singapore Property

A Hong Kong based Asia property analyst for a small successful private investment bank was asked if he should buy property in Singapore

More in comments...

Qipao - a statement of Oriental beauty

SLINKY, elegant, chic (and often practical), the classic qipao was a symbol of trendy Shanghai. The old-fashioned formless dress was nipped, tucked and slit for liberated women, writes Fei Lai.

More in comments...

Singapore's judiciary system is still third world standard

'If the prosecution allowed their own witnesses to see their statements, I can't see why they should deny it to the defendant.' - LAWYER EDMOND PEREIRA

Read "Judge slams CNB for complete neglect of duties" here.

Fannie, Freddie crisis not the last: Soros

Billionaire investor George Soros said that the crisis over Fannie Mae and Freddie Mac will not be the last, and noted that the broader credit meltdown will impact an already slowing United States economy.

More in comments

The mortgage lender illusion

It’s dispiriting indeed to watch the U.S. financial system, supposedly the envy of the world, being taken to its knees. But that’s the show we’re watching, brought to you by somnambulant regulators, greedy bank executives and incompetent corporate directors.

More in comments

Guilt & Innocence in the Criminal Legal System

Link

Battle for China

British experts and scholars held a heated public debate in London Saturday on some key issues of China’s recent development and called for a balanced portrayal of China.

More in comments