Corporate Bond Risk Rises in Europe, Credit-Default Swaps Show
By Abigail Moses - Mon Sep 26 09:52:41 GMT 2011 Credit-default swaps on French and German government debt rose to records as policy makers struggle to resolve Europe's debt crisis and the global economy slows. The Markit iTraxx SovX Western Europe ...
Dealers' CDS Coverage Doesn't Seem To Match Greek Exposure
Wall Street Journal
"Controlled or not, the subsequent contagion [from a Greek default] will likely be severe, but that will be the spoils of this battle," wrote Suki Mann, credit strategist at Societe Generale, in a note Wednesday. If banks have been scaling back their ...
Student loan default surge begs for state action
The state's 10.5 percent default rate topped the national rate of 8.8 percent, and made Florida the ninth worst state for students going belly up on their loans. Defaults can be disastrous for students — ruining their credit; impairing their ability ...
World Finance Chiefs' Patience Ebbing as Pimco Sees Slump
Finance ministers and central bankers urged European officials to intensify efforts to contain their 18-month debt crisis as Greece teetered on the edge of default. US Treasury Secretary Timothy F. Geithner called on governments to unite with the ...
Minister urges Europe to prevent Greek default
Hurriyet Daily News
Greece has a strong possibility of defaulting as the latest indicators of the country point to the worst scenario, Turkey's deputy prime minister said Monday, emphasizing that Europe should not allow Greek to default. “The latest indicators related to ...
Peso falls anew over Euro debt contagion fears
Traders said concerns that Greece would default on its liabilities and thus affect other Euro zone economies that have exposure to the debt-ridden country have dampened appetite of foreign portfolio investors. Consequently, traders said, holders of ...
Financial Crisis: Calculating the Probability of Extreme Events
Science Daily (press release)
ScienceDaily (Sep. 26, 2011) — It had to happen: the property bubble burst and the global financial market experienced its biggest crisis in the last hundred years. In retrospect, many suspected it was coming, but nobody could have known for sure. ...
Volatile, with a chance of default: The economic week ahead
Mail & Guardian Online
"The threat of cascading default, bank runs, and catastrophic risk must be taken off the table," US Treasury Secretary Timothy Geithner warned in a speech to the International Monetary Fund on Saturday. Economists and investors fear that European banks ...
Student loans not likely to vanish anytime soon
By STEVE ROSEN | McClatchy Newspapers • Published September 26, 2011 According to the latest data from the US Department of Education, default rates on federal loans are now at their highest level since 1997. More than 320000 borrowers fell behind on ...
Australia Weathered Financial Crisis 'Relatively Well,' FSB Says
By Brendan Murray - Mon Sep 26 08:01:51 GMT 2011 Australia's economic growth in recent years, fueled by demand for raw materials, helped the nation weather the global financial crisis, the Financial Stability Board said in an e-mailed statement. ...
Cypress mill at center over loan default
BATON ROUGE, La. (AP) A failed cypress mill in Tangipahoa Parish is at the heart of a legal battle that could determine whether the state is on the hook for millions of dollars in debt incurred by private industry. ...
Ed Balls sets out Labour plan to fix financial crisis
Channel 4 News
Ed Balls says he doesn't care if it is plan A, B or C - Britain just needs a plan for growth. But a former union boss tells Channel 4 News the shadow chancellor could have said more on coalition cuts. To view this video you will need to have Adobe ...
Eircom most likely borrower in world to default on debts
Prices in the credit default swap (CDS) market show that Eircom is considered most likely todefault on its debt of any name in the CDS market. Investors think Eircom is more likely to default than Greece, according to the market prices. ...
Is perfect storm for financial crisis approaching?
Most of the surveyed strategists agreed Greece's default would be the worst, and its impact on the Korean capital market would be so dire that they refused to publicly share their forecasts. The Seoul bourse continued its losing streak for three ...
Europe can protect itself against a Greek default | Reuters ...
By Hugo Dixon
The rest of Europe can and must protect itself against a Greek default. A three-pronged plan is required: 150-200 billion euros to recapitalise banks across the region; extra liquidity, again for banks; and a beefed-up bailout fund to help Italy, ...
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