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Content Tagged with banking + mortgage
[from amaah] Cityphilia
The range of derivatives contracts is limited only by the imagination of man (or sometimes, so it seems, madmen).John Lancaster expounds on London, The City, banking, derivatives and the subprime era
[from amaah] Anatomy of a panic
Behind the scene at Canadian banks during the panic of August 2007 when the subprime chickens came home to roost... the journalists are aiming for an impressionistic take on Galbraith's Great Crash of 1929 albeit without the acerbic wit.
[from amaah] For Banks, a $300 Billion Hangover
Over the past three or four months, bankers have committed to lending LBO targets about $300 billion to fund buyouts. Their plan was to sell the loans to institutional investors. But demand for leveraged debt has evaporated in the recent market turmoil, e
[from amaah] Running Right Back to the Bank
On financial intermediaries... the winners may turn out to be those intermediaries who figure out how to combine the efficiency and creativity of securities markets with the judgment and steadfastness of a bank. for the architecting for middlemen toli
[from amaah] A rush to pull out cash - Scenes from the mortgage meltdown
Worried about the stability of mortgage giant Countrywide Financial, depositors crowd branches. In Laguna Niguel, Bill Ashmore drove his Porsche Cayenne to the bank's office and waited half an hour to cash out $500,000. "It's got my wife totally freaked o
[from amaah] BNP Paribas Investment Partners temporaly suspends the calculation of the net asset value of 3 funds
The complete evaporation of liquidity in certain market segments of the US securitisation market has made it impossible to value certain assets fairly regardless of their quality or credit rating. The situation is such that it is no longer possible to val
