global credit
Bear Stearns-JPMorgan Chase deal set for vote
Posted May 28th, 2008 by California Home LoanCredit Agricole seeks $7.72 billion in new capital
Posted May 15th, 2008 by California Home LoanPARIS -- Credit Agricole said Thursday it plans to sell $7.72 billion worth of assets and named a new leader at its investment bank. The French bank, shaken by the global credit crisis, will also seek $9.1 billion in new capital.
Fed joins with European banks to battle credit crisis
Posted May 2nd, 2008 by California Home LoanWASHINGTON -- The Federal Reserve announced Friday that it will expand a series of efforts to deal with the global credit crisis, in coordination with European central banks.
Samurai bonds flourish in global funding shortage
Posted April 22nd, 2008 by California Home LoanTOKYO (Reuters) - Major banks have rushed to tap Japan's investors as the global credit crisis made lenders wary elsewhere and more banks are expected to take advantage so long as U.S. and European markets are under strain.
Wall Street surges higher after upbeat earnings reports
Posted April 16th, 2008 by California Home LoanNEW YORK -- Wall Street rallied Wednesday after better-than-expected quarterly results from JPMorgan Chase and two other Dow Jones industrials raised investors' hopes that companies and the economy are indeed recovering from the protracted global credit crisis. The Dow rose more than 250 points as investors shrugged off any concerns about oil passing $115 a barrel for the first time.
U.S. financial model can be fixed, Bernanke says
Posted April 10th, 2008 by California Home LoanIMF Issues Gloomy Assessment of Markets
Posted April 8th, 2008 by California Home LoanWASHINGTON -- The International Monetary Fund on Tuesday said the global credit crisis, despite some recent improvement, remains a significant threat to economic growth.
Morgan Stanley's Mack Sees End of Crisis
Posted April 8th, 2008 by California Home LoanPURCHASE, N.Y. -- Morgan Stanley Chief Executive John Mack said Tuesday that Wall Street is facing the most difficult conditions that he has seen in 40 years, but he feels the global credit crisis might be "in the final innings."
Asian stocks and dollar sink on Bear rescue and Fed cut
Posted March 17th, 2008 by California Home LoanHONG KONG (Reuters) - Asian stocks sank on Monday to their lowest level since August 2007 and the dollar tumbled, as the fire sale of ailing U.S. bank Bear Stearns and the Federal Reserve's emergency cut in its discount rate intensified concerns that there could be more victims of the global credit crisis.
Bear Stearns gets emergency loan from Fed
Posted March 15th, 2008 by AdminBear Stearns, squeezed by the sub-prime crisis, needs an emergency loan. Its stock plunges, and wariness grows. The battered global financial system looked a lot more fragile Friday as one of Wall Street's biggest investment houses was forced to get an emergency loan from the Federal Reserve, raising the specter of more giant securities firms laid low by the global credit crisis.