Mortgage and Financial News From 2007-11-15 Page 6

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  • What The Writers' Strike Won't Change

    Forbes - ... are reason for concern, expect the vast majority of prime-time advertisers to hold on to familiar slots once the strike is over. "When you need to open a movie on the weekend, get everyone into a retail store for a sale, or push a low interest rate ...
    2007-11-15 03:12:00
  • Market freeze to sour festivities

    Daily Telegraph - The jump in wholesale interest rates is expected to have far-reaching effects, since ... It came as the key three-month London Interbank Offered Rate (Libor) surged ... Citigroup and Merrill Lynch - are having to write off following the sub-prime ...
    2007-11-15 06:04:00
  • Franklin Credit Management to Delay Filing of Third Quarter 2007 ...

    Forbes - ... at a discount to the unpaid principal balance and originates loans with interest rates and fees calculated to provide a rate of return adjusted to reflect the elevated credit risk inherent in these types of loans. Franklin originates non-prime loans ...
    2007-11-15 02:08:00
  • Business comment: Thain's mission is to bring Goldman spirit to ...

    Daily Telegraph - ... chief operating officer, president, and chief financial officer, the "Street" felt, as did he, that he was a prime ... report was the most gloomy for years and the Bank gave the broadest of hints that at least three quarter-point interest rate cuts ...
    2007-11-15 01:53:00
  • Fitch: Auto ABS Performance Posts Higher Year-Over-Year Levels in ...

    Forbes - Prime and subprime auto-loan asset-backed securities (ABS) continued to post ... However, the rate of increase on a year-over-year basis in October for ANL slowed ... Fitch's code of conduct, confidentiality, conflicts of interest, affiliate firewall ...
    2007-11-15 11:16:00
  • RBA's $1b to calm credit jitters

    News.com.au - ... back into the financial system since global markets convulsed in August and September as the US sub-prime ... high-ranking US Federal Reserve officials indicating that the Fed, while vigilant, may be done cutting interest rates. The Fed funds rate ...
    2007-11-15 06:25:00
  • Barclays $2.7 bln writedown less than feared

    Boston Globe - Growth in commodities, interest rate swaps, government bonds, foreign exchange and in its expanding Asian business countered the problem areas, the bank said. Turmoil in credit markets in recent months was sparked by a U.S. subprime mortgage crisis ...
    2007-11-14 03:56:00
  • Aussie fights back in US sub-prime shadow

    The Australian - ... dollar closed slightly weaker yesterday, dropping below US90c after further concerns were raised about US sub-prime ... ANZ senior interest rate strategist Sally Auld said Australian bond futures caught a bid tone early in the morning on the slide ...
    2007-11-15 06:11:00
  • Market report: C&W in takeover speculation from France Telecom

    Daily Telegraph - ... rose 3.6 to 184.4p as speculation of takeover interest ... despite Barclays revealing the extent of the sub-prime losses at its investment banking division. Analysts said that concerns about the credit crunch have not gone away, with Libor — the rate ...
    2007-11-15 04:09:00
  • Barclays in £1.7bn sub-prime deficit

    Daily Telegraph - October also saw record levels of income due to booming demand for interest rate swaps, government bonds, foreign exchange and commodity-related products, as well as 80pc growth at its Asian business. BarCap chief Bob Diamond said the sub-prime ...
    2007-11-15 06:04:00
  • Canadian Dollar Rally May Stall, Option Bets Suggest (Update1) (Bloomberg.com)

    Nov. 15 (Bloomberg) -- Options bets signal that the Canadian dollar's 20 percent surge versus its U.S. counterpart this year may fade as interest-rate differentials lessen and commodity prices stabilize.
    2007-11-15 05:16:07
  • Canadian Dollar Rally May Stall, Option Bets Suggest (Update2) (Bloomberg.com)

    Nov. 15 (Bloomberg) -- Options bets signal that the Canadian dollar's 19 percent surge versus its U.S. counterpart this year to a record high may fade as interest-rate differentials lessen and commodity prices stabilize.
    2007-11-15 08:01:09
  • Barclays calculates £1.3bn sub-prime loss (Guardian Unlimited)

    Barclays bank has taken a £1.3bn hit on the sub-prime mortgage crisis in the US
    2007-11-15 04:04:39
  • Barclays in £1.7bn sub-prime deficit (Daily Telegraph)

    Barclays looked to draw a line under the recent volatility in its share price yesterday by declaring a £1.7bn hit in the wake of the sub-prime and credit market turmoil.
    2007-11-15 05:04:47
  • Bonds round-up: Rate cut hopes buoy bonds (ShareCast via Yahoo! UK & Ireland Finance)

    A growing conviction that the credit crunch will force the Bank of England to cut interest rates next month sent gilts climbing.
    2007-11-15 10:10:08