Tag Archives: european banks

Rescuing Two European Lenders

From the New York Times: Just days after the United States government brokered the sale of the nation’s largest savings and loan, Washington Mutual, regulators in Britain and Belgium swooped to engineer emergency rescues of two leading banks with heavy … Continue reading

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European Banks Write Down $68 Billion In Subprime Loans

It’s not only an American problem though it started here and it is worse here. MarketWatch reports: The following is a list of subprime-related write-downs made by European banks up to April 1. The banks have taken over $68 billion … Continue reading

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Mortgage Losses At $230 Billion

The Los Angeles Times reports on the latest numbers, asset write-offs, projections and general doom and gloom: Bloomberg News’ latest tally of total asset write-downs and credit losses at big banks and securities firms over the last 15 months is … Continue reading

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