Chancellor Alistair Darling has insisted propping up Lloyds Banking Group was “vital” for the economy as he unveiled another multi-billion pound bailout.

When will this wretched economy bottom out? The recession is already in its 15th month, making it longer than all but two downturns since World War II.

Denver Business Journal – by The Business Review Long-term mortgage rates rose a fraction this week, but remain near historic lows.

Regulators on Friday shut down Freedom Bank of Georgia, marking the 17th failure this year of a federally insured bank, and more are expected to succumb amid a deepening recession.