Biznes & Interesy

Have we seen worse of mortgage crisis? (AP)

Sat, 24 Nov 2007 05:34:43 +0000

AP - When Domenico Colombo saw that his monthly mortgage payment was about to balloon by 30 percent, he had a clear picture of how bad it could get.

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Hidden U.S. subprime losses may mirror Japan bank crisis (Reuters)
Reuters - Investors and banks holding on to U.S. subprime mortgage bonds in hopes of a recovery in ...
Options Schizophrenia
The market is swooning and money's flowing over to Treasurys, but options volatility is still relat...
US housing woes dampen market’s spirits
Closing market report: The FTSE 100 ended down 44.4 points at 6454.3 as worse than expected US housi...
FTSE squeezed by US job data (FT.com)
FTSE extended loss on US jobs data (FT.com)

UK lenders retighten rules for new flats (FT.com)

Fri, 23 Nov 2007 23:11:23 +0000

FT.com - Mortgage lenders have further tightened their criteria for loans on all new-build flats in the latest sign of growing nervousness about the housing market as new figures showed a “stunning” slump in mortgage lending in the autumn.
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(AP)Off the Charts: When Bulls and Bears Act Unruly on a Seesaw

Education Dept. Seeks Early Compliance on Loan Rules
The agency is asking for voluntary compliance with its proposed rules banning certain marketing prac...
Without U.S. Rules, Biotech Food Lacks Investors
As U.S. officials get serious about drafting rules for the industry, some scientists and executives ...
Governor warns careless lenders ‘the Bank will not bail you out’
The Governor of the Bank of England sought to reassure the City yesterday over fallout from recent ...
New rules for disabled air travel
Campaign broke advertising rules by exaggerating benefits of a cuppa

Japan banks’ subprime exposure $11 bln: FSA (Reuters)

Thu, 22 Nov 2007 09:23:16 +0000

Reuters - Japan’s large banks had about 1.2
trillion yen ($11 billion) invested in products related to the
U.S. subprime mortgage market as of the end of September,
Japan’s financial regulator said on Thursday.
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(Reuters)Reuters - Leland Brendsel, the former chief
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Japan's banks exposed to US subprime market (FT.com)
FT.com - Japan's large banks could have an aggregate exposure of Y1,000bn ($8.3bn) to the strick...
Japan banks’ subprime exposure $11 bln: FSA (Reuters)
Reuters - Japan’s large banks had about 1.2 trillion yen ($11 billion) invested in products re...
Nomura hit by US subprime exposure (FT.com)
FT.com - Nomura, Japan's largest broker, on Wednesday said it was considering withdrawing from t...
Hidden U.S. subprime losses may mirror Japan bank crisis (Reuters)
Two more shareholders back Sallie on offer: report (Reuters)

Japan banks’ subprime exposure $11 bln: FSA (Reuters)

Thu, 22 Nov 2007 09:23:16 +0000

Japan's banks exposed to US subprime market (FT.com)
FT.com - Japan's large banks could have an aggregate exposure of Y1,000bn ($8.3bn) to the strick...
Japan banks’ subprime exposure $11 bln: FSA (Reuters)
Reuters - Japan’s large banks had about 1.2 trillion yen ($11 billion) invested in products re...
Nomura hit by US subprime exposure (FT.com)
FT.com - Nomura, Japan's largest broker, on Wednesday said it was considering withdrawing from t...
Hidden U.S. subprime losses may mirror Japan bank crisis (Reuters)
Two more shareholders back Sallie on offer: report (Reuters)

Kazakhstan sets up $4bn fund (FT.com)

Wed, 21 Nov 2007 01:05:15 +0000

FT.com - Kazakhstan has put together a $4bn (EU2.7bn, £1.9bn) stabilisation fund to help its economy weather the credit squeeze stemming from the US subprime mortgage crisis, the Kazakh central bank governor has told the Financial Times.
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Rough seas: Fund manager selling his $23.5M yacht
A hedge fund manager whose fund ran into trouble from the sell-off in securities backed by subprime ...
Real estate fund sues HSBC over bond deal: report (Reuters)
Reuters - A U.S. real estate fund has sued HSBC Holdings alleging the British bank’s U.S. mor...
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Federal regulators charged the collapsed hedge fund Amaranth Advisors and its former chief energy tr...
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H&R Block boss resigns as chairman, CEO (AP)

Tue, 20 Nov 2007 22:32:43 +0000

AP - Mark Ernst has resigned as chairman, president and chief executive of H&R Block Inc., the tax preparation and accounting services company that is reeling from its foray into the collapsing subprime mortgage business.
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H&R Block boss resigns as chairman, CEO (AP)
AP - Mark Ernst has resigned as chairman, president and chief executive of H&R Block Inc., the t...
Analysts doubt impact of raising caps (AP)
AP - Efforts in Congress to let mortgage companies Fannie Mae and Freddie Mac refinance more at-risk...
Congress calls for "mortgage czar" (Reuters)
Reuters - Lawmakers called on Wednesday for a 'mortgage czar' to help cope with an expected ...
Northern Rock’s chairman Ridley resigns (FT.com)
H&R Block May Delay Sale of Option One Mortgage Unit

H&R Block boss resigns as chairman, CEO (AP)

Tue, 20 Nov 2007 22:32:43 +0000

H&R Block boss resigns as chairman, CEO (AP)
AP - Mark Ernst has resigned as chairman, president and chief executive of H&R Block Inc., the t...
Analysts doubt impact of raising caps (AP)
AP - Efforts in Congress to let mortgage companies Fannie Mae and Freddie Mac refinance more at-risk...
Congress calls for "mortgage czar" (Reuters)
Reuters - Lawmakers called on Wednesday for a 'mortgage czar' to help cope with an expected ...
Northern Rock’s chairman Ridley resigns (FT.com)
H&R Block May Delay Sale of Option One Mortgage Unit

Fannie under fire over accounting change (AP)

Fri, 16 Nov 2007 23:29:23 +0000

AP - Fannie Mae’s bookkeeping is drawing scrutiny from Wall Street again.
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(FT.com)

Defaults may spark big loss for insurers: Barclays (Reuters)
Reuters - Bond insurers may suffer “an appreciable loss” due to their exposure to subpri...
Sen. Schumer urges Big 4 on mortgage accounting (Reuters)
Reuters - U.S. Senator Charles Schumer has asked the big accounting firms what steps they are taking...
Fannie Mae delays quarterly filing
Fannie Mae told regulators Thursday that it will not be able to file its its quarterly report on for...
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Fannie Mae chief calls for lift on cap (FT.com)

Defaults may spark big loss for insurers: Barclays (Reuters)

Fri, 16 Nov 2007 19:59:10 +0000

Reuters - Bond insurers may suffer “an
appreciable loss” due to their exposure to subprime mortgage
debt, putting at risk their top rating that is critical to
their business, Barclays Capital said on Friday.

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ABN ends backing for Barclays bid
ABN Amro withdraws its formal support for Barclays' bid, saying it will not recommend either of two ...
Barclays Increases Bid for ABN Amro
Barclays said it had struck a deal with China Development Bank and Temasek Holdings of Singapore.
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FT.com - Barclays (NYSE:BCS) was one of just five FTSE 100 companies to close in positive territory ...
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Barclays denies rumours of losses (FT.com)

Market pares gains as early optimism fizzles (Reuters)

Wed, 14 Nov 2007 14:23:50 +0000

Reuters - Stocks pared early gains and the Dow
briefly turned negative on Wednesday as investors doubted if
the market would sustain Tuesday’s sharp recovery, even as
comments by Bear Stearns Cos. Inc. eased some worries
about the financial sector.

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Fannie under fire over accounting change (AP)
AP - Fannie Mae’s bookkeeping is drawing scrutiny from Wall Street again. Related PostsMark...
Defaults may spark big loss for insurers: Barclays (Reuters)
Reuters - Bond insurers may suffer “an appreciable loss” due to their exposure to subpri...
Market pares gains as early optimism fizzles (Reuters)
Reuters - Stocks pared early gains and the Dow briefly turned negative on Wednesday as investors dou...
FTSE pares early losses (FT.com)
Profit optimism lifts Wall St gloom (Reuters)