subprime crisis
UBS Says It May Avoid Loss, Doesn't Need More Capital (Update2) - Bloomberg
July 4 (Bloomberg) -- UBS AG may avoid a loss in the second quarter and has no plans raise capital after 3 billion Swiss francs ($2.9 billion) in tax credits offset damage from the subprime crisis. UBS, the European bank hardest hit by the subprime ...
UBS Says It May Avoid Quarterly Loss, Doesn't Need More Capital - Bloomberg
July 4 (Bloomberg) -- UBS AG may avoid a loss in the second quarter and has no plans raise capital after 3 billion Swiss francs ($2.9 billion) in tax credits offset damage from the subprime crisis. UBS, the European bank hardest hit by the subprime ...
One rebate for U.S. consumers isn't enough - International Herald Tribune
Tax rebates have been arriving in bank accounts and mailboxes, and will eventually put more than $100 billion into the hands of consumers. The hope is that by spending the money, they will lessen the risk of economic disaster from the subprime crisis ...
Subprime lawsuit filings accelerate in 2008
The subprime crisis is on track to spawn as much litigation as the savings and loan crisis of the 1980s and 1990s, with the number of lawsuits from borrowers and investors in related debt and equities now well into the hundreds, according to a recent study by Navigant Consulting Inc., a Chicago-base ...
Money to burn: UBS and the banking strategy crisis
After writing off nearly $38 billion of bone-headed investments since the subprime crisis began last year, more than any other lender, and destroying all the profit it had generated since 2004, troubled Swiss banker UBS has announced it will keep its investment bank under tight control, even shrinki ...
UBS to Slash Investment Bank after Crisis
UBS signaled that it will cut its investment bank to a rump after a $37 billion bill from the subprime crisis, the biggest of any bank in the world.
The Black Death of Financial Collapse
The Black Death of Financial Collapse By James Cumes 11/04/08 “Asia Times” — – The financial and economic crisis now upon us is by far the most menacing of the past century - even more so than the Great Depression of the 1930s. It is not just a “subprime” crisis; it is systemic - affecting the entire financial system
Is the Financial Crisis Over?
With the current action in the markets, there are two main questions that every investor is asking: Has the subprime crisis passed? ... or one TRILLION in losses. Bear Stearns could be the only investment banker to collapse, or there could
China's Citic Securities won't guarantee final deal with Bear Stearns
CNBC - The Chinese company said it will closely monitor the impact from the U.S. subprime crisis and ... Securities' earnings statement was in line with the comments from its corporate parent China International Trust & Investment Corp., or Citic Group. Kong ...
