They are obviously attempting to head off any thoughts of unease. “The US Treasury is attempting to restore stability to the financial markets and to ease the flow of credit and it has a powerful set of financial mechanisms at … Continue reading
This would be one of the largest bankruptcies in the financial markets since markets started to regain a semblance of normality this year.
This one is largely in the market, but Reuters and CNBC report that a deal to backstop CIT is likely to be concluded in the next 24 hours and perhaps as early as today.
Hank Paulson is set to testify on his role in the BofA/Merill Lynch deal tomorrow. The issue remains sensitive as the Fed is poised to become the systemic risk regulator under plans now working their way through Congress. The charge … Continue reading
The low-yielders have been firm today with the USD, JPY and CHF firming most today. Swiss may have just gotten a blow as Moody’s says they are placing UBS on review for a potential downgrade. They noe have a AA2 … Continue reading
This is the headline on another AEP article and thanks to Saferanger for the lead. Ambrose is as always very bearish on Europe but if the facts stack up, tough credit conditions will not ease the recovery prospects for the … Continue reading
Here’s an interesting perspective from istockanalyst. The rise in the VIX correlates almost perfectly with the drop in google searches for Mr Roubini.
Ambrose Evans Pritchard is certainly consistent and it seems that this time he is taking his ‘facts’ directly from the source so there is less chance of him manipulating/massaging information to suit his case. That said, hearsay and chatter from the … Continue reading
West LB, the German bank, denies it nearly went bust over the weekend (of course). Reuters reported earlier today that the Bank received an additional EUR 4 bln in guarantees from the state and other owners. Whether or not a … Continue reading
Though the evidence suggests otherwise…