US mortgage crisis may cost $1 trillion: IMF (Australian Broadcasting Corporation)
Story date: 2008-04-08 08:08:51
Added on: 2008-04-08 08:13:15
The International Monetary Fund (IMF) says the worldwide losses stemming from the US subprime mortgage crisis could hit $US945 billion ($1.01 trillion) as the impact spreads in the global economy.
Read more...
Related Stories:
-
IMF puts subprime loss near $1 trillion - Chicago Tribune
The International Monetary Fund estimated Tuesday that the subprime mortgage crisis could suck almost $1 trillion from the world economy, a loss...
2008-06-23 10:27:00 -
IMF says crisis set to cost $1.4 trillion (China Daily)
The International Monetary Fund on Tuesday called for a "collective commitment" by finance officials around the world to combat the current credit...
2008-10-08 07:39:07 -
Cost of writedowns to hit $1.97 trillion - News.com.au
THE cost of writedowns for financial institutions with exposure to the US mortgage market is expected to blow out to $US1.4 trillion...
2008-10-08 06:23:00 -
How you can survive the global financial crisis - News.com.au
In short, we all borrowed too much, and some of us - particularly those in the lower end of the US mortgage...
2008-10-13 06:02:00 -
Financial losses may swell to $945 bn: IMF (Express India)
The International Monetary Fund said financial losses stemming from the US mortgage crisis may approach $1 trillion, citing a "collective failure" to...
2008-04-08 02:03:15 -
Paulson & Co. Says Writedowns May Reach $1.3 Trillion (Update3) - Bloomberg
June 18 (Bloomberg) -- John Paulson , founder of the hedge fund company Paulson & Co., said global writedowns and losses from...
2008-06-18 09:40:00 -
Home mortgages (Chicago Sun-Times)
Losses stemming from the U.S. mortgage crisis may approach $1 trillion -- that latest estimate, issued last week by the International Monetary...
2008-04-14 02:09:02 -
Credit losses could approach $1 trillion: IMF (EARTHtimes.org)
WASHINGTON (Reuters) - The International Monetary Fund said on Tuesday that turmoil in credit markets could spread with losses possibly approaching $1...
2008-04-08 08:01:27