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Paulson urges banks to raise more capital
Summary from United States, from articles in English
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The prediction, which helped cheer stock markets, represents a bold call as banks continue to be gripped by concerns about further losses, and Wall Street banks prepare to unveil their first-quarter results next week. (article 3)
S&P analysts said banks might face some additional writedowns on their subprime mortgage exposure in the first quarter, but suggested that the worst of the losses may have already been recognised. (article 3)
We are always tempted to try to impose order on chaos, and find a common thread to link disparate events. (article 2)
That is why prices on almost any product, and in any currency, tend to end with the figure "9". (article 2)
Hank Paulson on Thursday called on financial institutions to raise more capital and reduce their dividends in order to strengthen their balance sheets as he set out the US government's regulatory response to the credit crisis. (article 4)
He said the Treasury was aware that "a number of hedge funds are now facing difficulty" and was monitoring the sector closely. (article 4)
Rather than single out the rating agencies as the culprits of the credit crisis, Mr Paulson argued that all participants in the financial system - including investors and regulators - had contributed to the debacle and had to change their practices. (article 4)
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Other stories about Bear, Stearns and bank:
Event tracking:
Story keywords
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Bear, Stearns, bank, Fed, mortgage |
Source articles
- Long View: Imposing order on chaos (ft.com, 03/14/2008, 926 words)
- John Authers: The only thing hard and fast is the credit crisis (ft.com, 03/14/2008, 940 words)
- End in sight for subprime losses, says S&P (ft.com, 03/14/2008, 312 words)
- Paulson urges banks to raise more capital (ft.com, 03/13/2008, 655 words)
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blaster@cs.columbia.edu
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