US investment banking giant Bank of America has been hit with a $1bn (£624m) lawsuit from the government over allegations it fraudulently issued "toxic" loans.
Government-controlled US mortgage financier Freddie Mac is seeking a further $6bn from US taxpayers, taking its total bailout to $72.2bn.
Pimco's Bill Gross says there will be no housing-led recovery in the US without Government support.
Mortgage giant Freddie Mac has asked for $1.8bn in assistance from the US Government after it suffered its fourth consecutive quarterly loss on continued bad home loans.
The US government has agreed a £100bn bail-out of mortgage giants Freddie Mac and Fannie Mae, trigger...
Equity income products have suffered over the last week as oil prices have rebounded and bank shares ...