NY Insurance chief says AIG bailout was unavoidable Business Spectator, Australia - 40 minutes ago Credit default swaps are used to protect against the risk that a borrower will default on it debt, or to speculate on a borrower's credit quality. ...
Bank of America reports profit drop, cuts dividend, raises capital CanadianBusiness.com, Canada - 43 minutes ago Like most other major financial institutions, Bank of America has been hit by significant losses in mortgages, credit cards and other souring debt. ...
ECB, euro nations try to soothe volatile markets Centre Daily Times, PA - 45 minutes ago Lending worldwide barely budged Monday as investors waited for details on how the US Treasury plans to buy up $700 billion of bad debt from major banks ...
EDITORIAL: After Bailout, Bigger Job Awaits istockAnalyst.com (press release), OR - 35 minutes ago Furthermore, interest payments on the federal debt are more than $400 billion a year, which means there is less money to invest in education, infrastructure ...
Anchor BanCorp Seeks Feds' Permission to Raise More Capital istockAnalyst.com (press release), OR - 42 minutes ago A registration statement filed Monday with the US Securities and Exchange Commission said Anchor BanCorp plans to sell debt securities, stock, ...
Oil prices nosedive as stocks plunge 7Online.com, NY - 23 minutes ago World stock markets plunged Monday amid growing investor anxiety that the US debt crisis is enveloping Europe. Germany announced a bailout package Sunday ...
Dow finishes below 10000 for first time since '04 Sioux City Journal, IA - 36 minutes ago As an indication of how fearful investors still are, government-backed debt was in high demand. The yield on the three-month Treasury bill, which moves in ...
Economic woes likely to impact Labour's election chances TV3 News, New Zealand - 13 minutes ago The risks of a more severe economic downturn have increased Treasury has warned, after revealing rising levels of government debt and cash deficits over the ...
Anchor BanCorp seeks feds' permission to raise more capital Trading Markets (press release), CA - 38 minutes ago A registration statement filed Monday with the US Securities and Exchange Commission said Anchor BanCorp plans to sell debt securities, stock, ...
Oil prices sink as turmoil goes global Inside Bay Area, CA - 40 minutes ago World stock markets plunged Monday amid growing investor anxiety that the US debt crisis is enveloping Europe. Germany announced a bailout package Sunday ...
Dow plunges over 500 points China Post, Taiwan - 5 minutes ago Thats caused investors to exit stocks and move money into the relative safety of government debt. Over the weekend, governments across Europe rushed to ...
Korea's Won Weakens Below 1300 Level for First Time Since 2002 Bloomberg - 28 minutes ago ... much as 7.5 percent, the most since December 1997 when the nation sought an emergency loan from the International Monetary Fund to meet debt payments. ...
Dow drops under 10000 KLEW, ID - 4 minutes ago As an indication of how fearful investors still are, government-backed debt was in high demand. The yield on the three-month Treasury bill, which moves in ...
Crisis hammers stocks, US urges unified response IT Business Net, CA - 30 minutes ago The US Treasury, charged with putting the $700 billion fund to work to buy up bad debt, named Neel Kashkari, a veteran banker from Goldman Sachs, ...
UPDATE 1-S.Korea says not in danger of FX crisis Forbes, NY - 34 minutes ago South Korea has arranged the breakfast meeting with analysts at investment banks and securities firms as concerns about the country's growing external debt...
