http://www.creditcrash.org News on credit markets,loans,mortgages,derivatives and interest rates Wed, 06 Apr 2011 06:07:07 -0400 en http://www.creditcrash.org/market/portugal-pays-higher-rate-to-raise-1bn-euros/ Wed, 06 Apr 2011 05:07:07 -0400 alanwellspun market 3 http://www.creditcrash.org/market/portugal-pays-higher-rate-to-raise-1bn-euros/ http://www.creditcrash.org/business/bank-capital-and-write-downs-zenorsquos-paradox-and-the-subprime-crisis/ Wed, 20 Aug 2008 07:04:51 -0400 alanwellspun business 3 http://www.creditcrash.org/business/bank-capital-and-write-downs-zenorsquos-paradox-and-the-subprime-crisis/ http://www.creditcrash.org/business/Citigroup_swings_to_loss_on_18-1_billion_charge_cuts_payout_41/ CEO Vikram Pandit said "Our financial results this quarter are clearly unacceptable. Our poor performance was driven primarily by two factors â€" significant write-downs and losses on our sub-prime direct exposures in fixed income markets, and a large increase in credit costs in our U.S. consumer loan portfolio."
Pandit revealed steps beign taken to improve capital base which includes Raising a total of $12.5 billion of capital through the sale of convertible preferred securities in a private offering - including a $6.88 billion investment from the Government of Singapore Investment Corporation Pte Ltd plus investment from Kuwait Investment Authority and the Weill family. ]]> Tue, 15 Jan 2008 08:11:36 -0500 alanwellspun business 3 http://www.creditcrash.org/business/Citigroup_swings_to_loss_on_18-1_billion_charge_cuts_payout_41/ http://www.creditcrash.org/business/GE_to_buy_Merrill_Lynch_lending_unit_-_washingtonpost-com-1/
Deal "will add more than $10 billion in assets and $5 billion in commitments to GE Capital Commercial Finance’s base of $260 billion" also Neal of GE says units “are in

industries we know well, so the potential for growth is compelling". Thain said deal would enable Merrill to redeploy "approximately $1.3 billion of capital into other parts of our business,” Which is quite useful if you've had a challenging year. ]]> Mon, 24 Dec 2007 11:30:17 -0500 alanwellspun business 5 http://www.creditcrash.org/business/GE_to_buy_Merrill_Lynch_lending_unit_-_washingtonpost-com-1/ http://www.creditcrash.org/business/US_Federal_Reserversquos_subprime_regulations_shield_Wall_Street_banks/ Fri, 21 Dec 2007 09:10:42 -0500 alanwellspun business 4 http://www.creditcrash.org/business/US_Federal_Reserversquos_subprime_regulations_shield_Wall_Street_banks/