Latest financial news - CNNMoney.com
When I sat down for my annual review of what I've written over the past year, something jumped out at me. Usually, I write about widely diversified subjects. But in 2007, I devoted an inordinate number of columns to the shenanigans of leveraged buyout firms and the attempts by the world's central banks to rescue financial markets.
Business - International Herald Tribune
As the financial markets brace for another wave of large losses at Wall Street banks, the outlook for these newly public firms and their as-yet-private brethren has darkened starkly.
Reuters: Business News
NEW YORK (Reuters) - As more banks report write-downs tied to the global credit crunch, analysts say Wachovia Corp may have losses lurking in an area that has garnered less investor attention.
Yahoo! News: Business
Reuters - As more banks report write-downs tied to the global credit crunch, analysts say Wachovia Corp may have losses lurking in an area that has garnered less investor attention.
Finance24 -- fin24.co.za
Zimbabwe's central bank chief has extended a deadline to exchange bills of Z$200 000 just hours before they were to cease being legal tender.
WSJ.com: What's News US
China's sovereign wealth fund injected $20 billion into policy lender China Development Bank, the latest example of how the country is using its surplus of cash to beef up the balance sheets of local banks.
Yahoo! News: Stock Markets News
AP - As 2007 comes to a close, Wall Street is almost as jittery as it was over the summer, when worries about the housing slump and banks' losing bets on mortgages first came to a head.
Top Read Stories -- thestreet.com
After riding into 2007 on a wave of profits, investment banks face stiff challenges in 2008.
China Post Online - Taiwan Business,World Business - chinapost.com.tw
From banks to telephones, an airline to shopping malls, and semiconductors to airports, the reach of two state-linked investment firms from the city-state of Singapore extends around the world.
chicagotribune.com - Business
1. The housing market suffered its worst slump since the Depression and foreclosures soared as the collapse of the subprime mortgage market rattled banks around the world. Financial service companies were expected to report one of their worst years ever, and the Federal Reserve is proposing tighter lending rules to protect consumers and rein in irresponsible lenders.
washingtonpost.com - industries
NEW YORK -- As 2007 comes to a close, Wall Street is almost as jittery as it was over the summer, when worries about the housing slump and banks' losing bets on mortgages first came to a head.
Newsvine - business - Vine
Merrill Lynch is in more trouble than it cares to admit and the recent investment by Singapore's Temasek does not appear to be enought to stave off questions about the extent of the banks exposure to bad loans in the mortgage market.
Independent.co.uk/News/Business
The world's major banking groups are facing unprecedented pressure to repair balance sheets and restore their liquidity as the ongoing credit crisis shows few signs of easing. Conventional commercial pressures are also refusing to go away.