|
|
Central banks fight credit crisis
Summary from the United Kingdom, from articles in English
|
BEGIN: Comment Teaser Module " The average financial institution was up 7.5 per cent yesterday after the Fed's actions, but Bear Stearns rose just 1 per cent on massive trading volume Mr Maughan said. (article 2)
The nature of the financing was also unusual, bankers say, because it was the first time that the Fed had offered to lend Treasury securities in exchange for ordinary AAA-rated mortgage-backed securities as collateral. (article 2)
Chris Whalen said: " The Fed move is confirmation that at least one of the banks is in trouble. (article 2)
Speculation has swirled for months about the collapse of an American bank as the credit crisis has escalated and spread from sub-prime to other mortgage-backed securities, treasuries and bonds. (article 2)
The US Federal Reserve, the European Central Bank and central banks in the UK, Canada and Switzerland will inject billions of dollars into money markets. (article 1)
" The key to any sustainable rally is going to be an improvement on the credit side said Michael Darda (article 1)
The Fed's making a major effort to get liquidity and credit into the cracks and crevices of the financial system that need it the most. (article 1)
|
Other stories about Credit, Mortgage and markets:
Event tracking:
Story keywords
|
Credit, Mortgage, markets, Banks, securities |
Source articles
- Central banks fight credit crisis (BBC News, 03/11/2008, 682 words)
- Times Online (business.timesonline.co.uk, 03/13/2008, 789 words)
|
|
blaster@cs.columbia.edu
|
