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US Treasury Secretary Henry Paulson urges banks to bolster finances after Carlyle Capital Corporation collapses
Summary from multiple countries, from articles in English
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Henry Paulson urged Wall Street banks yesterday to raise new capital rapidly to shore up their finances as a $22 billion ($10.8 billion) investment fund collapsed, marking one of the worst casualties of the credit crisis. (article 7)
Panicking investors snapped up gold yesterday as the price rose to more than $1,000 per ounce for the first time amid escalating fears of the global credit crisis. (article 12)
David Rubenstein on Thursday pledged to compensate investors hit by the collapse of a $22bn mortgage-backed securities fund his private equity group floated seven months ago. (article 9)
The first was for Mr Rubenstein and his partners to help the ailing fund meet the margin calls - demands for collateral - that were coming thick and fast from banks by injecting a massive amount of their own money into the fund. (article 10)
AMSTERDAM (Reuters) - An affiliate of U.S.-based buyout firm Carlyle Group has defaulted on about $16.6 billion of debt and expects its lenders to seize remaining assets as the global credit crunch tightens around leveraged investors. (article 4)
Top Carlyle executives are negotiating with major U.S. banks in an effort to prevent the fire sale of $16 billion in securities held by the Carlyle Capital Corp. Ltd., a publicly traded fund. (article 1)
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Story keywords
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Credit, Mortgage, markets, Banks, securities |
Source articles
- Carlyle Execs in Talks to Salvage Fund (Washington Post, 03/13/2008, 471 words)
- Carlyle Capital Shares Fall as Trading Resumes (Washington Post, 03/13/2008, 462 words)
- Carlyle Capital in jeopardy after defaulting on $16.6b debt (boston.com, 03/14/2008, 548 words)
- ABC News: $16B Default Shakes World Markets (ABCNews, 03/13/2008, 311 words)
- Investors fear it could be harbinger of yet more trouble (sfgate.com, 03/13/2008, 345 words)
- The Seattle Times: Carlyle mortgage-asset liquidation a big defeat for private-equity fund (seattletimes.nwsource.com, 03/13/2008, 175 words)
- US Treasury Secretary Henry Paulson urges banks to bolster finances after Carlyle Capital Corporation collapses (business.timesonline.co.uk, 03/14/2008, 759 words)
- Hedge fund on verge of collapse (BBC News, 03/13/2008, 527 words)
- Carlyle fails to save $22bn CCC fund (ft.com, 03/13/2008, 291 words)
- Carlyle’s co-founder faced a tough choice (ft.com, 03/13/2008, 671 words)
- Triple-A rating not enough to save Carlyle Capital Corporation (business.timesonline.co.uk, 03/14/2008, 774 words)
- Gold soars as panicking investors seek safety (business.timesonline.co.uk, 03/14/2008, 380 words)
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blaster@cs.columbia.edu
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