| Updated:
Record US consumer defaults
Soaring US unemployment and a shrinking economy drove delinquencies on credit card debt and home equity loans to an all time high of 6.60 per cent from 5.52 per cent in the fourth quarter.
European business, markets and politics
FTSE 100
10,710.30
-0.06%
DAX
25,007.48
-0.59%
CAC 40
8,345.44
-1.10%
STOXX 50
6,260.63
-0.89%