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SUNDAY, NOVEMBER 8, 2009
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NEWS ABOUT: commercial paper

commercial paper stories: 8 news summaries

(Newser) - One of America's biggest commercial lenders is preparing to file for bankruptcy, the Wall Street Journal reports. CIT Group, which lends to about a million small and medium-sized businesses, probably won't be able to make a $1 billion payment due in August and has hired bankruptcy counsel. In the meantime,... More »

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bankruptcy • commercial paper • FDIC • TARP • lenders • CIT Group

 Commercial Real-Estate 
 Loans Begin to Sour 

Once a bright spot, commercial paper is looking grim

Jan 8, 09 10:55 AM CST
(Newser) - Commercial real estate is beginning to feel the same pinch as the housing market, with delinquency rates rising in the fourth quarter and forecasts that they could reach the highest point in more than a decade by the end of 2009, reports the Wall Street Journal. Both individual mortgages held... More »

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Deutsche Bank • commercial paper • financial crisis • commercial mortgage

Fed Pledges $600B to Keep Money-Market Funds Afloat

Will partner with JPMorgan, lend money to help cover redemptions

Oct 21, 08 11:17 AM CDT
(Newser) - The Federal Reserve today unveiled a $600 billion program to finance the purchase of assets from money-market mutual funds, Bloomberg reports. JPMorgan will oversee five special units, which will use money borrowed from the Fed to buy CDs, bank notes, and commercial paper nearing maturity. The program is the Fed’... More »

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Ben Bernanke • Federal Reserve • mutual funds • credit market • commercial paper • financial crisis • money-market funds

MARKETS

 Stocks Sink, Yet End Week Up 

More ugly news makes for yet another volatile day

Oct 17, 08 3:37 PM CDT
(Newser) - Stocks remained volatile and swung lower at the end of the today’s session,as bad economic news convinced investors the financial crisis is not over yet, MarketWatch reports. The Dow closed down 127.04 at 8,852.22, but posted a weekly gain after four weeks of losses. The... More »

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housing market • Dow Jones • consumer confidence • Nasdaq • credit crisis • commercial paper • S&P 500 • Libor • financial crisis • interbank lending

Fed Will Buy Up Short-Term Debt to Boost Credit

New plan to ease credit pushes the central bank toward a commercial bank role

Oct 7, 08 8:35 AM CDT
(Newser) - The Federal Reserve today launched a new plan to buy up companies’ unsecured short-term debt in yet another effort to unfreeze the credit markets, the New York Times reports. Underscoring a sense of urgency on Wall Street as the crisis spread across Europe and Asia yesterday, the radical plan would... More »

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Ben Bernanke • Federal Reserve • credit market • credit crisis • commercial paper • bailout

Markets Drop
as KKR Unit Delays Payment

Concern about liquidity in the US has investors selling off in Asia

Feb 20, 08 7:21 AM CST
(Newser) - Asian stocks slumped today after reports in the Financial Times that a struggling arm of private equity heavyweight Kohlberg Kravis Roberts. missed a second payment on billions of dollars of commercial debt just 6 months after two of its founders poured $270 million into the company. Investors cashed out as... More »

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private equity • stock market • subprime mortgages • Kohlberg Kravis Roberts • KKR • Henry Kravis • Asian markets • commercial paper • subprime crisis

Commercial Properties Squeezed

Owners of malls and office buildings
are starting to feel the subprime pinch

Dec 26, 07 8:05 AM CST
(Newser) - Add the once-solid commercial real estate market to the list of sectors felled by the subprime mortgage contagion, as owners of malls, apartment complexes and office buildings have seen financing disappear, prices plunge and the pace of sales dwindle 50%, reports the Wall Street Journal. Lenders, burned by the... More »

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subprime mortgages • office buildings • commercial paper • real estate values • commercial real estate

Housing Still a Drag: Fed Chief

Setbacks likely, says Bernanke, who offers no hints on interest rate status

Oct 16, 07 5:38 AM CDT
(Newser) - The real estate slump will continue to be a "significant drag" on US economic growth well into next year, said Federal Reserve Chairman Ben Bernanke in his first speech on the economy since August. Recovery from the credit crisis will take time, and setbacks are likely, Bernanke told the... More »

MORE ABOUT:
Federal Reserve • subprime mortgages • recession • credit market • interest rate • Federal Open Market Committee • Economic Club of New York • commercial paper • housing crisis

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