Search results for subprime

Fitch to cut ratings on a number residential mortgage-backed securities insured by MBIA Inc, Ambac Assurance Corp, FGIC Corporation and Security read more »
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Article argues that thers no point in selling dollar short now that "now that much of the explicit costs have already been exposed by the banking read more »
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Bargain! Real estate unit not included in the deal GE take corporate finance,equipment,finance,franchise,energy and healthcare finance units. read more »
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In an interview for the FT, PIMCO's Bill Gross said the US recession has started, interest rates would have to come down to 3 percent next year read more »
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Accessible article explaining Barclays claim that Bear Stearns covered up losses and tried to use the Everquest IPO to dump dodgy CDO's 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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Fed,Congress and agencies didn't regulate mortgage lending since they were "beholden" to the financial elite. read more »
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Wachovia has announced that it lost $1.1 billion on collateralized debt obligations (CDOs) invested in asset-backed securities in October. The bank s 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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State-run fund makes bad bets on mortgage-related investment choices read more »
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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 read more »
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The International Organization of Securities Commissions has created a Task Force on the subprime crisis to review issues facing securities regulators read more »
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Senate panel probes role of Moody's, S&P in mortgage crisis; execs concede mistakes, promise improvement. read more »
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Credit Suisse and UBS cut jobs due to subprime losses. Jobs to go mainly in mortgage backed securities business. read more »
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Timeline of the 2007 credit crunch. The beginning of the crisis is shown as q4 2006 with a slowing US housing market, subprime lender bankruptcies an read more »
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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 wri read more »
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Credit Agricole admits to $3.59 billion writedown related to super-senior CDO's. Analysts concerned over risk management. Bank said Calyon would read more »
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Huw Jenkins and Clive Standish go after losses mainly attributed to subprime fallout. Marcel Rohner who now takes control said "We will make an over read more »
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