credit

Deputy Prime Minister Nick Clegg has attacked banks' failure to offer affordable loans to small businesses, labelling it "one of the greatest restraints on recovery for the UK economy".

AdvisorShares will create an actively managed ETF with a high yield bond focus, in partnership with Peritus Asset Management in the US.

Global X Funds has listed a China financials ETF on NYSE Arca, tracking the S-Box China Financials index.

iShares has unveiled two long duration fixed income funds on NYSE Arca to meet investor demand for longer-term bonds.

Net mortgage lending grew by £0.9bn last month, with house purchases driving growth, according to the Bank of England.

Lyxor Asset Management has launched two fixed income ETFs tracking government and corporate bond indices on Euronext Paris.

EasyETF has unveiled the iTraxx Europe Main fund, a credit derivative ETF on NYSE Euronext in Paris.

Financial services firms must make sure their customers understand what they are letting themselves in for when they sign up for mortgages, consumer loans and other products, according to the OECD.

The recession facing the UK is far different than those in the 1980s and '90s, says Ian Kernohan, an economist with Royal London Asset Management.

A lack of credit is the "single most critical problem" for the economy in the short-term, according to the Treasury Committee.