credit crisis

State fund boom plugs some holes in bank revenues - Forbes

LONDON, June 23 (Reuters) - Investment banks are luring rich state funds to ease some of the huge falls in income in the wake of the credit crisis, setting up teams to teach the rapidly growing funds the tricks of the trade. Fees from sovereign ...

Wall Street's credit crisis heads into second year - Los Angeles Times

NEW YORK -- There are new signs that the worst of the global credit crisis is yet to come, and that banks and brokerages caught up in the market turmoil may lose $1 trillion by the time it has passed. Major U.S. investment banks this week announced ...

Lehman Brothers CEO takes responsibility for $3B loss, confident after ... - International Herald Tribune

NEW YORK : Lehman Brothers Chief Executive Richard Fuld on Monday took the blame for the company's staggering second-quarter loss, and said the investment bank was too slow in reacting to the credit crisis. "This is my responsibility," Fuld declared ...

Lehman shares rebound as Fuld pledges to execute - Newsday

NEW YORK - Lehman Brothers Chief Executive Richard Fuld on Monday took the blame for the company's staggering second-quarter loss, and said the investment bank was too slow in reacting to the credit crisis. "This is my responsibility," Fuld declared ...

UPDATE 1 Credit crunch catches up with Warner...

UPDATE 1-Credit crunch catches up with Warner Estate Reuters - 14 minutes ago The company said its first year as a tax-efficient real estate investment trust had been badly hit by the credit crisis, which nearly doubled its group …

Bear Stearns shareholders OK buyout by JPMorgan - Los Angeles Times

NEW YORK -- Bear Stearns Cos. shareholders on Thursday approved JPMorgan Chase & Co.'s $2.2 billion buyout of the investment bank whose wagers on subprime mortgages made it the largest corporate casualty of the global credit crisis. The widely ...

Late breaking news

More Homeowners May Face Repossession As credit crisis hits harder, ... insurance, a report published by Fair Investment Company indicates.

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