CREDIT CRASH
Citigroup CEO Charles Prince resigns after Citigroup says it may write down $11 billion of subprime mortgage losses in addition to a $6.5 billion write-down last quarter.
The bank expected that its $55 billion of exposure to U.S. subprime mortgages would cost $5 billion to $7 billion in profit after tax
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The bank expected that its $55 billion of exposure to U.S. subprime mortgages would cost $5 billion to $7 billion in profit after tax
Discuss Add this link to... Bury
Credit crash is a social news site for the credit markets
I always check credit ratings before I make a decision...
This won't tackle the lack of deals or reluctance of lenders to refinance...
At least Bernanke was clear about what they believed - even if they're...
Fed sees more risk to the downside BUT doesn't realize that there's enough...
Writedowns are MORE than $18 billion. In the release they reveal U.S....
Dont see how they were all owned by the "elites", anyway dont...
Don't worry still plenty more costs to be "exposed", fallout is...
@crikey Nobody wants your parcels
@jaydasree OK so no pies for...
@jaydasree OK so no pies for...
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