bank of America confirmed it will buy Countrywide for $4 billion in an all-stock transaction. read more »
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Ambac has confirmed a $1.5bn plan to preserve its AAA credit rating read more »
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Citigroup reports reports its first quarterly loss since 1998. reveals writedowns due to subprime losses of $18.1 billion.
CEO Vikram Pandit said " read more »
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For a while it looked like JP Morgan had escaped the worst effects of the credit crash but hat first quarter profit fell by half read more »
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Former chief economist of the International Monetary Fund warns that a BIG investment bank is going down. read more »
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All the birds are not yet home to roost and recapitalization is vital. read more »
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Lehman get $6 billion in capital to stay afloat.$2.8 billion lost in the second quarter while hedges, especially commercial mortgage related position read more »
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