Reuters - A rise in credit default swaps on American International Group debt indicates the market may be skeptical about a government program to support the insurer, JPMorgan said on Friday.
October 31st, 2008 | Posted in Business | Comments Off
From ClusterStock:Everyone has now gotten used to the idea that we're "deleveraging."
But what do we think that means? We think it means that banks,
consumers, companies, and the government have to cut down their debt a
bit.
Actually,
October 31st, 2008 | Posted in Finance | Comments Off
Reuters - Barclays tapped Middle East investors for the bulk of its 7.3 billion pounds ($12.1 billion) cash injection, while sources familiar with the situation said Commerzbank is interested in German state funds.
October 31st, 2008 | Posted in Business | Comments Off
A big rally this week has salved something for the bulls, but October 2008 is going to go down as one of the worst months in financial market history.Heading into Friday, the Dow was down 15.4% for the month, on track for the 11th-worst
October 31st, 2008 | Posted in Finance | Comments Off
Reuters - Consumer confidence suffered its steepest monthly drop on record in October, a survey showed on Friday, as the worst financial crisis in generations continued to take its toll.
October 31st, 2008 | Posted in Business | Comments Off
