Citigroup SIVs Have Drawn on $7.6 Billion of Liquidity Lines
Story date: 2007-11-06 06:12:00
Added on: 2007-11-08 06:29:13
Bloomberg - The current lack of liquidity in the asset-backed commercial paper market and the resulting slowdown of the CP market for SIV-issued CP have put significant pressure on the ability of all SIVs, including the Citi-advised SIVs, to refinance maturing ...
Read more...
Related Stories:
-
Citigroup SIVs Draw $7.6 Billion of Emergency Funds (Update1)
Bloomberg - The current lack of liquidity in the asset-backed commercial paper market,'' Citigroup said, ``put significant pressure on the ability of...
2007-11-06 09:53:00 -
Asset-Backed CP Declines to Lowest Since October 2005 (Update3)
Bloomberg - Buyer reluctance to invest in securities tied to subprime mortgages shut SIVs such as Cheyne Finance and Rhinebridge Plc out...
2007-12-13 10:43:00 -
Misrepresenting the Financial Crisis: It is not Lack of Liquidity; it is Insolvency and Lack of Trust (Payvand Iran News)
A major problem with the bailout scheme is that it misrepresents the ongoing credit crunch as a problem of illiquidity, or lack...
2008-10-27 10:23:16 -
Australian Lender RAMS Hurt by Lack of Liquidity
Wall Street Journal - SYDNEY, Australia -- Australian nonbank-mortgage lender RAMS Home Loans Group Ltd. said a lack of liquidity in a...
2007-08-16 07:52:00 -
Investors Slam AIG Over Swaps
BusinessWeek - The disruption in the credit markets caused by the subprime mortgage meltdown and the resulting loss of liquidity has made...
2008-02-11 03:29:00 -
Citi economist sees another 100 bps in Fed rate cuts
Reuters - SINGAPORE (Reuters) - The Federal Reserve will cut interest rates by 100 basis points before June to help the housing...
2007-12-03 09:21:00 -
Citigroup provided $7.6 bln to struggling SIVs
Reuters - The meltdown in the U.S. housing and subprime mortgage markets has severely pinched the ability of SIVs to raise capital...
2007-11-06 02:33:00 -
Bonds Beat Retreat as Citi News Cheers Stocks
CNBC - The deal sparked a rare bout of optimism over the ability of banks to cope with the current mortgage market...
2007-11-27 07:55:00