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  • Roundtable: The Biggest Threat to Banking 7 Dec 2009 18:48 GMT
    ... Commercial real estate? Credit card losses? Falling housing prices? Derivatives? Government regulation? Something else? If ... stay far away. Despite multiple series of writedowns and capital raises, the banking sector still faces ... to prime borrowers against 37% that were subprime. That shift looks unlikely to reverse as ...

  • Kuwait sovereign fund sells Citigroup stake 7 Dec 2009 02:31 GMT
    ... were hit by billions of dollars of writedowns linked to investments in subprime mortgages in the US. The decision by Bank ... that it should have supported banks at home rather than take risky stakes in international ...

  • Fitch Takes Action on 3 Classes of Lehman Brothers Home Equity Loan Asset-Backed Notes 2005-1 3 Dec 2009 23:31 GMT
    ... Action on 3 Classes of Lehman Brothers Home Equity Loan Asset-Backed Notes 2005-1 )--Fitch Ratings ... to 'D' because they have incurred principal write-downs. For second lien and HELOC pools, Fitch ... assumptions are described in the report 'U.S. Subprime RMBS Surveillance Criteria' published on Nov. 19, 2008. ...

  • Yard Sale 4 Dec 2009 15:20 GMT
    ... and commercial real estate still vulnerable to writedowns. Hence the asset sales. They raise cash ... portfolio, which includes $61 billion in non-U.S. residential mortgages, mainly in the U.K. and France. ... Saudis in 2007 for $1.6 billion gain. Subprime mortgage wholesaler sold in 2007, after $300 million ...

  • Ahead Of Toll Brothers' Q4 Report 3 Dec 2009 09:34 GMT
    ... the company reported a net loss, excluding write-downs, of $38.5 million or $0.23 per share, ... share, on revenues of $698.9 million. The housing sector is one of the worst-affected by the subprime collapse and the credit crunch. The industry has ...

  • John Paulson Returns to Earth 4 Dec 2009 05:33 GMT
    ... fund manager who earned billions betting against subprime, a one-megahit wonder? The founder of Paulson ... in the hedge fund world. As the real estate bubble inflated, though, Paulson made a massive ... committed. "Banks will have passed the current writedown cycle and have visibility for growth in ...

  • Statement by Congressional Black Caucus Financial Service Committee Members 3 Dec 2009 01:18 GMT
    ... the Congressional Black Caucus Members of the House Financial Services Committee, who include Rep. Maxine ... made in 2005 to African Americans were subprime as compared to 17% for whites. In addition, ... enhance current foreclosure programs to include principal write down, mandatory loss mitigation and loans for unemployed ...

  • Job losses loom but Yorkshire retains HQ as building societies merge 2 Dec 2009 15:14 GMT
    ... THE Yorkshire and Chelsea building societies announced plans today ... will be left nursing a £200 million writedown on Chelsea's debt. The enlarged group will ... tempted into offering racy products such as sub-prime and buy-to-let, funded not by savings from ...

  • Mutual benefit as Yorkshire merges with Chelsea society 3 Dec 2009 08:14 GMT
    ... Mutual benefit as Yorkshire merges with Chelsea society THERE ... Yorkshire will be left nursing a £200m writedown on Chelsea's debt. The enlarged group will ... tempted into offering racy products such as sub-prime and buy-to-let, funded not by savings from ...

  • Full refit is needed, not a patch-up 3 Dec 2009 09:31 GMT
    ... Full refit is needed, not a patch-up PICTURE Barak ... banks are looking at another £82bn of writedowns next year. Germany is now facing a ... amounts to some £26bn. It seems that sub-prime was not limited to the US after ...

  • A Decade of Buyout Busts 4 Dec 2009 20:04 GMT
    ... exposure to two of the world’s worst housing markets in California and Florida -- just ... also one of the biggest originators of subprime and other shady loans. However, BofA, which had ... $4.85 a share, amid fears about future writedowns. As mentioned above, heavy mortgage losses led ...

  • Estimable Also-Rans 4 Dec 2009 11:19 GMT
    ... the United Arab Emirates now troubling investors who've only recently gotten past billions in writedowns on HSBC's ill-fated acquisition of the Household subprime unit in the U.S. But in Asia, recoveries, too, can be grand. ...

  • Dubai's Debt Woes Could Further Unhinge U.S. Commercial Real Estate Sector 29 Nov 2009 06:56 GMT
    ... that Dubai’s property prices, both commercial and residential, have halved since August last year, and ... other kind of commercial real estate debt. Write-downs and losses at banks around the world ... , the foreclosure crisis has moved beyond subprime mortgages and into the prime mortgage market. ( ...

  • Dubai debacle 30 Nov 2009 10:16 GMT
    ... Summit TV speaks to Chris Hart from Investment Solutions ... casualties from tougher economic conditions after the sub-prime crisis David Williams: Welcome to Face to Face. ... little loss translates into quite a big write-down of bank capital for whomever is involved ...

  • As Treasury Department Stumbles, Liberals Push Tougher Measures to Stem Foreclosures 30 Nov 2009 20:20 GMT
    ... fraud is at the heart of the housing crisis, which is at the heart of ... employed homeowners who were victimized by predatory, subprime loans they just couldn't afford to pay in ... worth $200,000," Baker notes, "the banks won't write down that much." The government's weak incentives so far ...


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