Searched for
SUBPRIME MORTGAGE
US Federal Reserve nominee Kevin Warsh faces Senate test on monetary policyKevin Warsh faces a crucial Senate hearing for the Federal Reserve chief nomination. Lawmakers will question his economic ideas and monetar...
Big Short' investor Burry targets AI boom with new blog after hedge fund closureBurry, who shot to fame for betting against the U.S. housing market ahead of the 2008 financial crisis, is widely watched for his comments ...
Credit Suisse will pay $600 million to settle subprime case, says insurer MBIAThe agreement follows a ruling by a New York judge in favor of MBIA in the case concerning Credit Suisse's representations to the company, ...
View: Bitcoin's greater fools have gone into hidingThe historical record of Bitcoin suggests its greatest leaps are made thanks to speculation.
- Citigroup paying $75 million to settle fraud charges
Banking titan Citigroup Inc. is paying $75 million to settle civil charges that it misled investors about its potential losses from subprim...
- Banks may be recovering after US subprime losses: Citigroup
Citigroup chairman Win Bischoff said that banks may be emerging from a trough after losses caused by the collapse of the US subprime mortga...
- Subprime probe may lead to hedge funds: FBI
The FBI's probe of the subprime mortgage industry could uncover fraud involving Wall Street investment banks, private equity firms or hedge...
- China's biggest bank sets aside reserves for possible 30 pc subprime loss
China's biggest bank, Industrial & Commercial Bank of China Ltd, has set aside reserves equal to 30 per cent of its US$1.2 billion in subpr...
- US regulators, lenders may opt for five-year freeze on subprime rate
Federal regulators and US lenders are focusing on five years as the duration of an interest-rate freeze on subprime mortgages, said a perso...
- Mortgage rescue plan ready: Paulson
US Treasury secretary Henry Paulson said the government and banks will “soon” announce a plan to keep subprime mortgage borrowers “with ste...
- Goldman survives subprime heat, sees record ’07 profits
Somewhere in the wreckage of securities backed by subprime mortgages and the resulting seizure in the credit markets, is a new paradigm on ...
- Merrill Lynch to write down $5 bn
The bulk of the losses will come from marking down the value of complex instruments known as collateralised debt obligations and from decli...
- Credit Suisse to cut 150 jobs due to subprime crisis
An estimated 50,000 job cuts have come into effect so far this year in the mortgage industry.
- China's forex reserves not invested in US subprime mortgages
None of China's $1.3 trillion in foreign reserves are invested in the US subprime mortgage industry which in recent weeks has bruised globa...
- Subprime woes cost Infosys prime client
Yet another casualty of the US subprime crash in the Indian BPO sector is Infosys BPO, which has lost a prime client, Green-Point Mortgage.
- Fed acting on abusive loans: Bernanke
Federal Reserve Chairman Ben Bernanke offered lawmakers fresh assurances on Thursday that regulators are taking steps to better protect wou...
- Banks pick up where Fed left off, restricting access to credit
Banks are picking up the baton from the Federal Reserve, restricting access to credit months after chairman Ben S. Bernanke stopped raising...