The credit crisis has taken its toll on many sectors. The municipal bond market has remained largely unscathed to date. But municipal investors need to open their eyes. These bonds are about to...
Wells Fargo's results show that a financial institution which has remained fcoused on credit quality and risk management even throughout the housing and credit bubbles of the early part of the this...
If the market is open, the financials are down 10%. This will continue until we have another Bear Stearns-like failure. Bernanke has told us as much. Don't try to bottom-fish. These are failed...
RBS issued a call for a 25% + decline in worldwide equity markets over the next three months. The problem with the report is that it is issued by a London-based analyst who has been right on so...
Many say this is a horrible deal, but Bank of America seems intent to close this deal. Here's one quote from a Bank of America official that was mentioned in the article:
“We understood that...
Nobody was expecting an easy year for U.S. banks, but many observers thought the bulk of the industry's credit troubles would come in the first quarter. Now, it seems the rest of the year may be...
The Fed and several other European Central Banks are going to allow banks to swap up to $400 billion in mortgage related debt for treasuries for 28 days. The idea is to provide liquidity to the...
Feb. 10 (Bloomberg) -- Group of Seven policy makers said the U.S. economy may slow further, eroding global growth, and officials forecast more financial-market turmoil.
``Downside risks still...
The sub-prime crisis and the credit crunch are about the failure of a lending system creating by Wall Street. Instead of banks keeping loans on their balance sheets, they pooled them and sold them...
Citigroup, JP Morgan Chase, and Merrill Lynch & Co, may be forced to write down an additional $34 billion in assets related to the subprime mortgage collapse.
The irony is that an analyst from...
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