The US mortgage and credit crisis has deepened as Accredited Home Lenders Holding Co, HSBC Holdings Plc and Lehman Brothers Holdings Inc announced job cuts and concern mounted about the longer-term impact on the economy.

Accredited Home, HSBC Close Offices as Crisis Spreads (Update1) (Bloomberg.com)
Aug. 22 (Bloomberg) -- The rising cost of credit took its toll on Accredited Home Lenders Holding Co., HSBC Holdings Plc and H&R Block Inc. as the subprime mortgage fallout spreads through the economy.