News in Brief

Standard & Poor's president Kathleen Corbet has quit, as criticisms mount over rating agencies and their role in the unfolding subprime mortgage crisis. Corbet has left to "pursue other opportunities", parent company McGraw-Hill says. She will be succeeded by Deven Sharma, a senior McGraw-Hill executive who has been at S&P since late last year.

Northern Rock, the UK's fifth biggest mortgage lender, was forced to seek emergency funding from the Bank of England last month as the securitisation mark

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: