Avatar Posted by jaydasree 231 days ago (http://money.cnn.com)
Category: business | Tags: countrywide bank of america mortgage cdo subprime
bank of America confirmed it will buy Countrywide for $4 billion in an all-stock transaction. read more »
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Avatar Posted by dandare 176 days ago (http://news.bbc.co.uk)
Category: business | Tags: ambac subprime bond insurance
Ambac has confirmed a $1.5bn plan to preserve its AAA credit rating read more »
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Avatar Posted by alanwellspun 227 days ago (http://www.marketwatch.com)
Category: business | Tags: citigroup writedowns cdo credit crunch
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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Avatar Posted by crikey 134 days ago (http://www.washingtonpost.com)
Category: business | Tags: credit subprime
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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Avatar Posted by crikey 10 days ago (http://business.timesonline.co.uk)
Category: business | Tags: credit crunch imf bank
Former chief economist of the International Monetary Fund warns that a BIG investment bank is going down. read more »
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Avatar Posted by alanwellspun 9 days ago (http://www.voxeu.org)
Category: business | Tags: bank credit market subprime
All the birds are not yet home to roost and recapitalization is vital. read more »
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Avatar Posted by crikey 80 days ago (http://www.nytimes.com)
Category: business | Tags: lehman bros credit crunch hedge
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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