It appears that inflation has replaced the credit crunch as the financial markets’ biggest worry. Although the markets’ collective attention may have waned, that doesn’t mean the risks have abated.Despite evidence that credit markets are improving — spreads are narrowing and liquidity is returning — the outlook is far from worry-free. In fact, as the […]
Report makes recommendations on issuer transparency and investor due diligence, risk management, and valuation and accounting issues
Banks have disclosed 83% of losses
Already a problem in the U.S., it could cross the border at some point
Changes aimed at bringing order to mortgage market
Firms failed to control risks of concentrated exposure to securitizations of U.S. subprime mortgage-related credit
A task force on the subprime crisis is making progress
Any regulatory system that promotes growth necessarily accepts a risk of a meltdown
Fitch Ratings has revised its rating outlook on State Street Corp. to negative from stable and has downgraded the investment bank’s individual rating on news that the firm is taking a charge related to subprime troubles.The rating agency says that this action follows State Street’s announcement that it will record a US$279 million after-tax charge […]
It is now possible that UBS will record a net loss for 2007