AFP - The Royal Bank of Scotland revealed an 11.4-billion-dollar hit from the US subprime crisis on Friday, and a resulting half-year loss among the biggest in British banking history.

Reuters - Fannie Mae on Friday posted a much larger-than-expected second-quarter loss and slashed its dividend more than 85 percent to preserve capital as home loan defaults accelerated in the bleakest U.S. housing market since the Great Depression.

AFP - Struggling mortgage finance giant Fannie Mae unveiled Friday a steeper-than-expected quarterly loss and announced dramatic measures to weather the worst US housing slump in decades.

AP - Fannie Mae swung to a second-quarter loss that was more than triple what Wall Street expected as conditions in the housing market continued to deteriorate, forcing the mortgage finance giant to make bold cutbacks that will send shock waves through the mortgage market.

Reuters - Beazer Homes USA Inc posted a deeper-than-expected quarterly loss on Friday as the builder labored under the sharpest housing market downturn in decades and a federal investigation of its accounting practices.

AFP - A squeeze on lending to home buyers and businesses that followed the US subprime crisis has shown slight signs of easing in the last three months, the European Central Bank said on Friday.

AFP - Struggling home finance giant Fannie Mae Friday reported a massive second quarter loss of 2.3 billion dollars, more than three times analysts' estimates.