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May 16, 2008 5:26:27 AM CDT

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Are Wall Street Banks Ready to Risk Again?  

Posted Apr 28, 08 9:48 AM CDT in Business    Most Covered

(newser) – Wary investors appear to be returning to Wall Street, the Journal reports, buying back into higher-risk debt issues from the likes of troubled Citigroup and Merrill Lynch. “Risk taking has come back in the market,” said one expert.

Banks still are reluctant to trade short-term debt, and there’s plenty still hanging over brokerages. "We still have some tough times ahead," says one credit strategist—pointing to a housing market that might not yet have hit bottom in an uncertain economy.

Source Wall Street Journal

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Are Wall Street Banks Ready to Risk Again?
Merrill Lynch, which has taken $30 billion in write-downs, sold $2.55 billion of preferred shares last week, atop a total $12.8 billion it sold in December and January.   (AP Photo/Brian McDermott, file)
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Shares in Citigroup, hit hard by the credit crunch, are up 40% since mid-March as investors appear to be returning to higher-risk ventures.   (AP Photo/Mary Altaffer)
Are Wall Street Banks Ready to Risk Again?
JP Morgan Chase moved in to save Bear Stearns from collapse at what some analysts now believe might have been the low ebb of the credit crisis.   (AP Photo/Mark Lennihan, file)
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housing market  • Bear Stearns  • Citigroup  • Merrill Lynch  • economy  • gold prices  • JP Morgan


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