Insurance titan American International Group is considering forming a separate company to hold billions in securities that have dogged its balance sheet for the past several quarters, The Post has ...
Shares of Merrill Lynch & Co.
(September 5, 2008 10:33 AM, by Arnold Kling) Greg Mankiw has the 8-minute video. It's worth watching. Shiller is a very independent thinker. He says that what we...
"Earnings at the U.K. unit have been hurt as they've been affected by the subprime crisis," said Hiroshi Kutose, a spokesman in Tokyo for Mitsubishi UFJ Securities.
Ocwen Financial Corp., which collects payments from 300,000 subprime mortgage borrowers, says delinquencies on loans it handles flattened or declined this summer.
[JURIST] The US Securities and Exchange Commission (SEC) [official website; JURIST news archive] has charged [complaint, PDF] two former brokers for Credit-Suisse [corporate website; JURIST news ...
But the hard-hit insurer's plans are likely to include some shedding of risk.
Ocwen Financial Corp. reported Thursday that delinquencies on the subprime mortgages it handles flattened or declined this summer, in large part due to its loan modification program.
They may have to bite harder on the bullet: Merrill Lynch is trying to sell more of their seemingly endless supply of bad loans -- a "significant" amount -- this time to Korea Asset Management Corp.
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