Defaults spook investors, global stocks tumble
Story date: 2008-03-06 10:07:00
Added on: 2008-03-07 22:58:03
Reuters - ... statements raised concerns over a widening trans-Atlantic interest rate gap. A steady flow of chilling news and speculation, including talk that UBS (UBSN.VX: Quote , Profile , Research ) was trying to offload $24 billion of less-than-prime mortgages ...
Read more...
Related Stories:
-
Trans fat hero now plastic bag advocate zMake %SpaceReduction minus70 (The Monterey County Herald)
Stephen Joseph, a native of England and former Washington D.C. lobbyist, has segued from his role as the scourge of trans fat...
2008-08-02 02:01:01 -
Fitch Rates Long Beach, California's $56MM TRANs 'F1+'
CNBC - Fitch Rates Long Beach, California's $56MM TRANs 'F1+' ... to total $370.2 million for fiscal 2008, covering note principal and...
2007-08-30 09:30:00 -
WALL STREET OUTLOOK Rebound seen after Friday's selloff; Citi, Merrill ...
Forbes - ... as much as a 15 bln usd writedown to cover its exposure to soured subprime mortgage ... sides...
2008-01-14 04:14:00 -
Fitch Rates Long Beach, California's $49.5MM TRANs 'F1+' - CNBC
SAN FRANCISCO, Sep 08, 2008 (BUSINESS WIRE) -- Fitch Ratings assigns an 'F1+' rating to Long Beach, California's (the city) 2008-2009 $49.5...
2008-09-08 01:46:00 -
Bank of England holds rates steady
Miami Herald - The Bank of England held its benchmark interest rate steady at 5.75 percent on Thursday. The decision was anticipated...
2007-09-06 05:25:00 -
Dollar at 2 1/2-Year Low Against Yen on Widening Credit Losses
Bloomberg - Citigroup wrote off $18 billion for mortgage defaults, adding to concerns the U.S ... Japan's benchmark interest rate of 0.5...
2008-01-15 09:59:00 -
Freddie Mac CFO confident despite widening losses
Houston Chronicle - ... of 2007 as mortgage defaults mounted and falling interest rates hurt certain investments. Despite expectations of further...
2008-02-28 03:52:00 -
Snows blanket Atlantic Canada
St. Petersburg Times - The Bank of Canada's key interest rate is steady at 4.25 percent while the prime lending rate is...
2008-01-05 09:57:00