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<title>Credit Crash / Published News / business</title>
<link>http://www.creditcrash.org</link>
<description>Credit crash news  votes</description>
<pubDate>Tue, 21 Jul 2009 06:15:32 EDT</pubDate>
<language>en</language>
<item>
<title><![CDATA[Flow of credit to businesses fell for second consecutive month]]></title>
<link>http://www.creditcrash.org/business/flow-of-credit-to-businesses-fell-for-second-consecutive-month/</link>
<comments>http://www.creditcrash.org/business/flow-of-credit-to-businesses-fell-for-second-consecutive-month/</comments>
<pubDate>Tue, 21 Jul 2009 06:15:32 EDT</pubDate>
<dc:creator>dandare</dc:creator>
<category>business</category>
<guid>http://www.creditcrash.org/business/flow-of-credit-to-businesses-fell-for-second-consecutive-month/</guid>
<description><![CDATA[Bank of England says net lending to business dropped by £3.4bn in May after a drop of £6bn in April.<br/><br/>2 Vote(s) ]]></description>
</item>

<item>
<title><![CDATA[Highland CDO Fund Leaves Investors With Nothing]]></title>
<link>http://www.creditcrash.org/business/highland-cdo-fund-leaves-investors-with-nothing/</link>
<comments>http://www.creditcrash.org/business/highland-cdo-fund-leaves-investors-with-nothing/</comments>
<pubDate>Mon, 23 Feb 2009 14:28:27 EST</pubDate>
<dc:creator>crikey</dc:creator>
<category>business</category>
<guid>http://www.creditcrash.org/business/highland-cdo-fund-leaves-investors-with-nothing/</guid>
<description><![CDATA[Highland Capital Management is closing its third hedge fund in less than five months, with investors in a collateralized debt obligation vehicle losi<br/><br/>3 Vote(s) ]]></description>
</item>

<item>
<title><![CDATA[Citigroup to cut 50,000 more jobs in Pandit's last gambitBusiness | The Guardian]]></title>
<link>http://www.creditcrash.org/business/citigroup-to-cut-50000-more-jobs-in-pandits-last-gambit----business------the-guardian/</link>
<comments>http://www.creditcrash.org/business/citigroup-to-cut-50000-more-jobs-in-pandits-last-gambit----business------the-guardian/</comments>
<pubDate>Tue, 18 Nov 2008 13:32:39 EST</pubDate>
<dc:creator>crikey</dc:creator>
<category>business</category>
<guid>http://www.creditcrash.org/business/citigroup-to-cut-50000-more-jobs-in-pandits-last-gambit----business------the-guardian/</guid>
<description><![CDATA[CEO tells employees that more than 52,000 of them would lose their jobs, bringing the total for the past year to 75,000<br/><br/>2 Vote(s) ]]></description>
</item>

<item>
<title><![CDATA[Dexia receives a46.4bn capital injection]]></title>
<link>http://www.creditcrash.org/business/dexia-receives-euro6-4bn-capital-injection/</link>
<comments>http://www.creditcrash.org/business/dexia-receives-euro6-4bn-capital-injection/</comments>
<pubDate>Tue, 30 Sep 2008 05:24:23 EDT</pubDate>
<dc:creator>dandare</dc:creator>
<category>business</category>
<guid>http://www.creditcrash.org/business/dexia-receives-euro6-4bn-capital-injection/</guid>
<description><![CDATA[Belgium and France to bail out Dexia, world's biggest lender to local governments<br/><br/>3 Vote(s) ]]></description>
</item>

<item>
<title><![CDATA[Bank capital and write-downs: Zenoa4s paradox and the subprime crisis]]></title>
<link>http://www.creditcrash.org/business/bank-capital-and-write-downs-zenorsquos-paradox-and-the-subprime-crisis/</link>
<comments>http://www.creditcrash.org/business/bank-capital-and-write-downs-zenorsquos-paradox-and-the-subprime-crisis/</comments>
<pubDate>Wed, 20 Aug 2008 09:04:51 EDT</pubDate>
<dc:creator>alanwellspun</dc:creator>
<category>business</category>
<guid>http://www.creditcrash.org/business/bank-capital-and-write-downs-zenorsquos-paradox-and-the-subprime-crisis/</guid>
<description><![CDATA[All the birds are not yet home to roost and recapitalization is vital.<br/><br/>3 Vote(s) ]]></description>
</item>

<item>
<title><![CDATA[Credit crunch may take out large US bank warns former IMF chief - Times Online]]></title>
<link>http://www.creditcrash.org/business/Credit_crunch_may_take_out_large_US_bank_warns_former_IMF_chief_-_Times_Online/</link>
<comments>http://www.creditcrash.org/business/Credit_crunch_may_take_out_large_US_bank_warns_former_IMF_chief_-_Times_Online/</comments>
<pubDate>Wed, 20 Aug 2008 04:42:59 EDT</pubDate>
<dc:creator>crikey</dc:creator>
<category>business</category>
<guid>http://www.creditcrash.org/business/Credit_crunch_may_take_out_large_US_bank_warns_former_IMF_chief_-_Times_Online/</guid>
<description><![CDATA[Former chief economist of the International Monetary Fund warns that a BIG investment bank is going down.<br/><br/>3 Vote(s) ]]></description>
</item>

<item>
<title><![CDATA[Lehman Posts Loss and Plans to Raise Capital - NYTimes.com]]></title>
<link>http://www.creditcrash.org/business/Lehman_Posts_Loss_and_Plans_to_Raise_Capital_-_NYTimes-com/</link>
<comments>http://www.creditcrash.org/business/Lehman_Posts_Loss_and_Plans_to_Raise_Capital_-_NYTimes-com/</comments>
<pubDate>Tue, 10 Jun 2008 10:58:56 EDT</pubDate>
<dc:creator>crikey</dc:creator>
<category>business</category>
<guid>http://www.creditcrash.org/business/Lehman_Posts_Loss_and_Plans_to_Raise_Capital_-_NYTimes-com/</guid>
<description><![CDATA[Lehman get $6 billion in capital to stay afloat.$2.8 billion lost in the second quarter while hedges, especially commercial mortgage related position<br/><br/>2 Vote(s) ]]></description>
</item>

<item>
<title><![CDATA[J.P. Morgan Hit Hard by Credit Crisis - washingtonpost.com]]></title>
<link>http://www.creditcrash.org/business/J-P-_Morgan_Hit_Hard_by_Credit_Crisis_-_washingtonpost-com/</link>
<comments>http://www.creditcrash.org/business/J-P-_Morgan_Hit_Hard_by_Credit_Crisis_-_washingtonpost-com/</comments>
<pubDate>Thu, 17 Apr 2008 04:11:30 EDT</pubDate>
<dc:creator>crikey</dc:creator>
<category>business</category>
<guid>http://www.creditcrash.org/business/J-P-_Morgan_Hit_Hard_by_Credit_Crisis_-_washingtonpost-com/</guid>
<description><![CDATA[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<br/><br/>3 Vote(s) ]]></description>
</item>

<item>
<title><![CDATA[BBC NEWS | Business | Plan to save bond insurer Ambac]]></title>
<link>http://www.creditcrash.org/business/BBC_NEWS__Business__Plan_to_save_bond_insurer_Ambac/</link>
<comments>http://www.creditcrash.org/business/BBC_NEWS__Business__Plan_to_save_bond_insurer_Ambac/</comments>
<pubDate>Thu, 06 Mar 2008 10:54:27 EST</pubDate>
<dc:creator>dandare</dc:creator>
<category>business</category>
<guid>http://www.creditcrash.org/business/BBC_NEWS__Business__Plan_to_save_bond_insurer_Ambac/</guid>
<description><![CDATA[Ambac has confirmed a $1.5bn plan to preserve its AAA credit rating<br/><br/>4 Vote(s) ]]></description>
</item>

<item>
<title><![CDATA[Citigroup swings to loss on $18.1 billion charge; cuts payout 41%]]></title>
<link>http://www.creditcrash.org/business/Citigroup_swings_to_loss_on_18-1_billion_charge_cuts_payout_41/</link>
<comments>http://www.creditcrash.org/business/Citigroup_swings_to_loss_on_18-1_billion_charge_cuts_payout_41/</comments>
<pubDate>Tue, 15 Jan 2008 08:11:36 EST</pubDate>
<dc:creator>alanwellspun</dc:creator>
<category>business</category>
<guid>http://www.creditcrash.org/business/Citigroup_swings_to_loss_on_18-1_billion_charge_cuts_payout_41/</guid>
<description><![CDATA[Citigroup reports reports its first quarterly loss since 1998. reveals writedowns due to subprime losses of $18.1 billion.CEO Vikram Pandit said &quot;<br/><br/>3 Vote(s) ]]></description>
</item>

<item>
<title><![CDATA[BofA inks deal to buy Countrywide for $4 billion]]></title>
<link>http://www.creditcrash.org/business/BofA_inks_deal_to_buy_Countrywide_for_4_billion/</link>
<comments>http://www.creditcrash.org/business/BofA_inks_deal_to_buy_Countrywide_for_4_billion/</comments>
<pubDate>Fri, 11 Jan 2008 08:34:45 EST</pubDate>
<dc:creator>jaydasree</dc:creator>
<category>business</category>
<guid>http://www.creditcrash.org/business/BofA_inks_deal_to_buy_Countrywide_for_4_billion/</guid>
<description><![CDATA[bank of America confirmed it will buy Countrywide for $4 billion in an all-stock transaction.<br/><br/>4 Vote(s) ]]></description>
</item>

<item>
<title><![CDATA[Defaults to rise as economy slows]]></title>
<link>http://www.creditcrash.org/business/Defaults_to_rise_as_economy_slows/</link>
<comments>http://www.creditcrash.org/business/Defaults_to_rise_as_economy_slows/</comments>
<pubDate>Thu, 27 Dec 2007 09:43:24 EST</pubDate>
<dc:creator>dandare</dc:creator>
<category>business</category>
<guid>http://www.creditcrash.org/business/Defaults_to_rise_as_economy_slows/</guid>
<description><![CDATA[Largest downgrade of US companies to junk since 2003. Predicts rise in US company bond defaults to 4.7 percent in 2008.<br/><br/>6 Vote(s) ]]></description>
</item>

<item>
<title><![CDATA[GE to buy Merrill Lynch lending unit - washingtonpost.com]]></title>
<link>http://www.creditcrash.org/business/GE_to_buy_Merrill_Lynch_lending_unit_-_washingtonpost-com-1/</link>
<comments>http://www.creditcrash.org/business/GE_to_buy_Merrill_Lynch_lending_unit_-_washingtonpost-com-1/</comments>
<pubDate>Mon, 24 Dec 2007 11:30:17 EST</pubDate>
<dc:creator>alanwellspun</dc:creator>
<category>business</category>
<guid>http://www.creditcrash.org/business/GE_to_buy_Merrill_Lynch_lending_unit_-_washingtonpost-com-1/</guid>
<description><![CDATA[Bargain! Real estate unit not included in the deal GE take corporate finance,equipment,finance,franchise,energy and healthcare finance units.<br/><br/>5 Vote(s) ]]></description>
</item>

<item>
<title><![CDATA[Goldman's Blankfein Hits $68 Million Gold Mine]]></title>
<link>http://www.creditcrash.org/business/Goldmans_Blankfein_Hits_68_Million_Gold_Mine/</link>
<comments>http://www.creditcrash.org/business/Goldmans_Blankfein_Hits_68_Million_Gold_Mine/</comments>
<pubDate>Mon, 24 Dec 2007 10:19:49 EST</pubDate>
<dc:creator>jaydasree</dc:creator>
<category>business</category>
<guid>http://www.creditcrash.org/business/Goldmans_Blankfein_Hits_68_Million_Gold_Mine/</guid>
<description><![CDATA[A $68 million bonus, nice work if you can get it.Happy Christmas<br/><br/>6 Vote(s) ]]></description>
</item>

<item>
<title><![CDATA[US Federal Reservea4s subprime regulations shield Wall Street banks]]></title>
<link>http://www.creditcrash.org/business/US_Federal_Reserversquos_subprime_regulations_shield_Wall_Street_banks/</link>
<comments>http://www.creditcrash.org/business/US_Federal_Reserversquos_subprime_regulations_shield_Wall_Street_banks/</comments>
<pubDate>Fri, 21 Dec 2007 09:10:42 EST</pubDate>
<dc:creator>alanwellspun</dc:creator>
<category>business</category>
<guid>http://www.creditcrash.org/business/US_Federal_Reserversquos_subprime_regulations_shield_Wall_Street_banks/</guid>
<description><![CDATA[Fed,Congress and agencies didn't regulate mortgage lending since they were &quot;beholden&quot; to the financial elite.<br/><br/>4 Vote(s) ]]></description>
</item>

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<title><![CDATA[Credit Agricole writedown raises fresh Calyon concerns]]></title>
<link>http://www.creditcrash.org/business/Credit_Agricole_writedown_raises_fresh_Calyon_concerns/</link>
<comments>http://www.creditcrash.org/business/Credit_Agricole_writedown_raises_fresh_Calyon_concerns/</comments>
<pubDate>Fri, 21 Dec 2007 08:35:22 EST</pubDate>
<dc:creator>jaydasree</dc:creator>
<category>business</category>
<guid>http://www.creditcrash.org/business/Credit_Agricole_writedown_raises_fresh_Calyon_concerns/</guid>
<description><![CDATA[Credit Agricole admits to $3.59 billion writedown related to super-senior CDO's. Analysts concerned over risk management. Bank said Calyon would<br/><br/>1 Vote(s) ]]></description>
</item>

<item>
<title><![CDATA[Bear Stearns Posts $854 Million 4Q Loss On Write Downs]]></title>
<link>http://www.creditcrash.org/business/Bear_Stearns_Posts_854_Million_4Q_Loss_On_Write_Downs/</link>
<comments>http://www.creditcrash.org/business/Bear_Stearns_Posts_854_Million_4Q_Loss_On_Write_Downs/</comments>
<pubDate>Fri, 21 Dec 2007 08:35:22 EST</pubDate>
<dc:creator>jaydasree</dc:creator>
<category>business</category>
<guid>http://www.creditcrash.org/business/Bear_Stearns_Posts_854_Million_4Q_Loss_On_Write_Downs/</guid>
<description><![CDATA[Bear Stearns posts first quarterly loss in its 84-year history. $1.9 billion write down of mortgage assets and reveals traders made many bad trades o<br/><br/>3 Vote(s) ]]></description>
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<title><![CDATA[BHP Billiton not worried about credit crunch impacting commodities]]></title>
<link>http://www.creditcrash.org/business/BHP_Billiton_not_worried_about_credit_crunch_impacting_commodities/</link>
<comments>http://www.creditcrash.org/business/BHP_Billiton_not_worried_about_credit_crunch_impacting_commodities/</comments>
<pubDate>Thu, 27 Sep 2007 12:24:30 EDT</pubDate>
<dc:creator>crikey</dc:creator>
<category>business</category>
<guid>http://www.creditcrash.org/business/BHP_Billiton_not_worried_about_credit_crunch_impacting_commodities/</guid>
<description><![CDATA[In BHP Billiton's latest Preliminary Financial Results, they say they're not concerned about the impact of credit market worries on raw materials<br/><br/>1 Vote(s) ]]></description>
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