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THURSDAY, NOVEMBER 26, 2009
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NEWS ABOUT: credit market

credit market stories: 106 news summaries

61 - 80 of 106 Stories | << Prev 1 2 3 4 5 6 Next >>

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ANALYSIS

Fannie, Freddie Edge Back
From the Brink

Panic eases after turbulent trading, but big test is yet to come

Jul 12, 08 7:11 AM CDT
(Newser) - Fears of a collapse of Fannie Mae or Freddie Mac finally eased yesterday after a stomach-churning rollercoaster ride that saw a 50% nosedive for the mortgage giants in early trading, writes the Wall Street Journal. A week of panic, prompted in part by reports that the government was preparing rescue... More »

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Wall Street • Henry Paulson • mortgage • Freddie Mac • markets • Fannie Mae • credit market • bailout • financial crisis

Fannie, Freddie Plunge Gives
Short Sellers
a Field Day

Very quietly, the sharks are making a killing

Jul 11, 08 9:29 AM CDT
(Newser) - With the rest of the world wringing its hands over fears of a Fannie Mae or Freddie Mac collapse, one tribe on Wall Street is smiling: the short sellers. Investors have bet against Fannie and Freddie in growing numbers as the two mortgage lenders' positions grew more precarious. But handsome... More »

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Wall Street • Freddie Mac • markets • Fannie Mae • credit market • short selling • financial crisis

Angel Investors Profit From Slumping Markets

Affluent investors increase investments, despite market downturn

Jun 18, 08 4:26 PM CDT
(Newser) - The bearish market hasn't stopped angels from acting like bulls, Portfolio reports. Angel investors, those who fund start-ups and small companies, are profiting from Wall Street's woes: Reduced private equity funding has made angels the go-to source for capital, improving their bargaining position and giving them more chances to... More »

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investing • private equity • business • credit market • startup

 Foreclosures Go Upscale 

It's taken longer for ballooning loans to hit the wealthy, now facing the music

May 15, 08 10:11 AM CDT
(Newser) - Luxury homes—once seemingly immune from the mortgage crisis—are starting to hit foreclosure lists across the nation, the Washington Post reports. And, real-estate agents predict, it’s just the beginning of a trend likely to grow as more buyers who bought beyond their means with adjustable-rate and interest-only mortgages... More »

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housing market • foreclosure • mortgage • credit market • adjustable-rate mortgages

 Recession Fears
 Overblown: Economists 

Fed's actions key strong economic reports, signs of market recovery

May 14, 08 9:50 AM CDT
(Newser) - A growing number of economists are saying, cautiously, that the US might have pulled back from the brink of recession, the Wall Street Journal reports. The experts credit swift action by the Federal Reserve to lower interest rates and save Bear Stearns in March, and even the ongoing distribution of... More »

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stock market • Federal Reserve • Bear Stearns • recession • credit market • consumer prices • economic stimulus package

Banks Face New Loan Crisis: Rebuilding Reserves

'Provisions' may turn out not to be large enough

Apr 22, 08 12:17 PM CDT
(Newser) - Within Bank of America’s disappointing first-quarter earnings was an unwelcome harbinger for the banking industry, the Wall Street Journal reports. BofA’s results were dragged down by huge additions to its loan-loss provision, an expense many other banks will also record soon. Given current credit conditions, many banks will... More »

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Bank of America • earnings reports • credit market • writedowns • investment banks • loan-loss provision

updated

Citigroup Posts $5B Loss,
Will Cut 9,000K Jobs

News is worse than expected for nation's largest bank

Apr 18, 08 7:56 AM CDT
(Newser) - Citigroup reported a first-quarter loss of $5.1 billion today, posting another $14 billion in writedowns as a result of the credit crunch and loan defaults, the Wall Street Journal reports. The loss of $1.02 a share exceeded analysts' estimates and marks the second straight quarterly loss for the... More »

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Citigroup • credit market • quarterly reports • banking

Banks Need to 'Fess Up on Risk: G7 Panel

Forum of regulators says transparency needed to end crisis

Mar 29, 08 5:14 PM CDT
(Newser) - Top financial regulators today challenged banks to come clean about risks they face, the Wall Street Journal reports. The Financial Stability Forum, a worldwide team of financial honchos—including several central bank chiefs—concluded that “hording of liquidity” was leading to “severe strains” in the lending market. Only... More »

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hedge fund • central bank • credit market • sovereign wealth funds • credit market chaos • transparency

$19B Buyout of Clear Channel Nearly Dead

Credit woes have sale of radio giant to private firms crumbling

Mar 25, 08 7:30 PM CDT
(Newser) - A $19 billion bid to privatize Clear Channel appears likely to fall through as buyers and financiers bicker—with credit-crunch-induced liquidity woes a major stumbling block, the Wall Street Journal reports. A credit agreement between private equity firms and the banks funding the move has become shaky. “No one... More »

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Clear Channel • Bain Capital • Thomas H. Lee Partners • privatization • bank • credit market • financial institutions • sale

Bernanke Looks Impotent as
Fed's Fixes Fail

Economic woes may be beyond cure by monetary medicine

Mar 17, 08 11:11 AM CDT
(Newser) - Ben Bernanke has employed virtually every tool in the Federal Reserve's kit to calm markets panicked by the credit crisis, but hasn't scored any more than temporary rallies, Bloomberg reports in a look at the markets' fading faith in the Fed chief—and the Fed itself. "The Fed has... More »

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Ben Bernanke • Federal Reserve • Bear Stearns • recession • credit market • housing crisis • Whac-A-Mole • Alan Blinder

 Bernanke
 Tosses Out
 His Rule Book 

As Wall Streets meltdown accelerates, the Fed chief adapts on the fly

Mar 16, 08 9:19 AM CDT
(Newser) - With a recession and worsening meltdown on Wall Street looming, Fed chief Ben Bernanke has dumped textbook central bank economic policy, reports the New York Times. Last week's bailout of Bear Stearns, for example, seemed to fly in the face of his previous reluctance to rescue big institutions. And it... More »

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Ben Bernanke • Wall Street • Federal Reserve • Bear Stearns • recession • credit market • interest rate • financial crisis

As Margin
Calls Mount, Carlyle Holds
'Crisis Talks'

Private equity giant's subsidiary imperiled

Mar 10, 08 12:40 PM CDT
(Newser) - The Carlyle Group is holding emergency talks with lenders to try to save its drowning Carlyle Capital division, the Washington Post reports. Creditors have decided that Carlyle’s portfolio of traditionally safe mortgage-backed securities holdings isn’t good enough in the current market, and they're demanding $400 million more... More »

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private equity • Carlyle Group • credit market • mortgage loans • mortgage backed securities • housing crisis • subprime crisis

Fed Pumps Money Into Reeling Banks

It will loan billions
more this month
to ease credit crisis

Mar 7, 08 12:02 PM CST
(Newser) - The Federal Reserve will lend more money to banks in March in a bid to ease the worsening credit crisis, Bloomberg reports. By dramatically increasing the funds available in two upcoming auctions—from $30 billion to $50 billion—the Fed hopes to convince banks to loosen up and lend more. More »

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Ben Bernanke • housing market • Federal Reserve • mortgage • loans • credit market • Fed funds rate

Fannie Mae Loses Billions in Q4

Government-backed lender off $3.56B, but feds lifts restraints on portfolio

Feb 27, 08 10:48 AM CST
(Newser) - Fannie Mae reported huge fourth-quarter losses today, painting an ugly picture both of the economy and the mortgage giant's own future. The company lost $3.56 billion—triple what analysts expected, Bloomberg reports. Derivatives were the big culprit, accounting for $3.33 billion in losses, but the company also reported... More »

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student loans • earnings reports • mortgage • Freddie Mac • Fannie Mae • credit market • subprime crisis • Office of Federal Housing Enterprise Oversight • financial crisis

Bernanke Signals New Rate Cuts

Says central bank 'will act as needed'
to further minimize economic risks

Feb 27, 08 9:15 AM CST
(Newser) - Federal Reserve Chairman Ben Bernanke today said that the board stands ready to cut interest rates again to give the economy "adequate insurance against downside risks," reports the Wall Street Journal. The move, which follows 2.25% in cuts to the key rate since September, is widely expected... More »

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inflation • Ben Bernanke • housing market • Federal Reserve • energy prices • House Financial Services Committee • testimony • US economy • credit market • Federal Open Market Committee • interest rate cut • labor market

Economists Lean Closer
to the R-Word

Almost half on US panel predict
recession, up from 25% last year

Feb 25, 08 7:09 PM CST
(Newser) - An panel of US economists leaned closer to predicting recession today after grappling with a slew of scary data, the AP reports. More than half of analysts at the National Association for Business Economics maintained that a downturn is still unlikely, but 45% expected recession in 2008; only a quarter... More »

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Federal Reserve • recession • economist • US economy • GDP • credit market • economic stimulus package

Credit Crunch Extends to Student Loans

Investors balk on bonds key to students, museums, cities

Feb 13, 08 8:27 AM CST
(Newser) - A huge new group of borrowers—from students to museums to local governments—are about to find their credit drying up, as the subprime meltdown that has already cost banks $100 billion continues to spread, reports the Wall Street Journal.  In the last few days, investors have backed away... More »

MORE ABOUT:
student loans • credit market • Carnegie Mellon University • borrowers • subprime crisis • college loans • student loan authorities

Buffett Offers to Save Municipal Lenders

Stocks rally, but companies may rebuff opportunistic Hathaway

Feb 12, 08 2:39 PM CST
(Newser) - Warren Buffett rode to the rescue today, though the color of his horse is in question. The Sage of Omaha offered to reinsure $800 billion worth of municipal bonds, resolving “in one stroke of a pen” the jitters plaguing the municipal debt market. But his plan is also a... More »

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Warren Buffett • credit market • MBIA • Berkshire Hathaway • municipal bonds • Ambac Financial • Triple-A credit rating

Mortgage Crisis Rivals S&L, Tech Busts

Complex implosion could take far longer to untangle, experts say

Dec 10, 07 1:13 PM CST
(Newser) - How does the current mortgage debacle measure up to the savings-and-loan meltdown of the 1980s and the tech crash of 2000? Losses look manageable, the Wall Street Journal reports in a detailed analysis of how this crisis differs from other crashes, and how likely it is to spin the... More »

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subprime mortgages • credit market • credit crisis • mortgage backed securities

Municipalities Feel Credit Market Pain

Unaffordable bonds mean projects stall—
or taxes rise

Nov 29, 07 12:58 PM CST
(Newser) - Cities, towns, and schools are learning what would-be homeowners already know: the credit market stinks. Municipalities have grown addicted to financing projects with extremely low-interest bonds, but such cheap credit is hard to come by as bond insurers swing in the subprime wind, the Washington Post reports. Local governments... More »

MORE ABOUT:
subprime mortgages • bonds • credit market • credit crisis • municipal bonds

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