06 novembre 2007
Le pétrole finit à un niveau record à New York, craintes sur les stocks US
source: Romandie News
Il est monté en séance à 97,10 dollars, soit un record absolu....La devise américaine a enfoncé un nouveau plancher historique mardi en descendant jusqu'à 1,4570 dollar pour un euro.
King Says May Be Months Before Banks Reveal Losses
source: Bloomberg
Nov. 6 (Bloomberg) -- Bank of England Governor Mervyn King said it may take months before commercial banks publish their full losses from the U.S. subprime mortgage slump.
The Persistent Credit Crunch
source: Businessweek
,...three months after a financial crisis spooked fixed-income investors, the debt markets are back in critical condition.
This is a real fundamental problem in the economy that has become a
contagion on the financial side," McCarthy says. That makes the crisis
much more stubborn. "This is a problem we're going to have to contend
with for a long period of time," he says.
Markets fear banks have $1 trillion in toxic debt
source: The Independent
Bill Gross, the chief investment officer of Pacific Investment Management, said US mortgage delinquencies and defaults would rise in 2008. “There are $1 trillion worth of sub-primes, Alt-As [self-certified] and basically garbage loans,” he said, adding that he expects some $250bn in defaults. “We’ve only begun to see the pain from rising mortgage payments,” he added.
Bloodbath expected to claim more victims
source: FT
In the absence of more information, many investors are assuming the worst. "The bear market for banks is unlikely to end until we get some clarity on the extent of the losses and impact on banks' capital ratios," said Huw van Steenis, an analyst at Morgan Stanley.
FT.com Bond issuance plunges amid credit fears
source: Yahoo
There have been only 11 bank bond deals since Monday last week - a third of the number of deals priced in the previous week....
According to Société Générale, all the main banks have seen bond spreads widen against government paper in the past three weeks.
These include deals from Deutsche Bank (NYSE:DB), Bank of America (NYSE:BAC), BNP Paribas, Natixis, UniCredit, Swedbank, Standard Chartered, RBS and Santander.
Citigroup SIVs Draw $7.6 Billion of Emergency Funds
source: Bloomberg
Nov. 6 (Bloomberg) -- Citigroup Inc., the largest U.S. bank by assets, provided $7.6 billion of emergency financing to the seven structured investment vehicles it runs after they were unable to repay maturing debt.
The $2.5 trillion bond insurance problem: James Saft
source: Reuters
The problem is that overnight the $2.5 trillion of insured bonds would reverse back to the ratings of the issuer... Imagine the impact on the economy of a downgrade of $2.5 trillion of assets.
Crise financière mondiale : et si le pire était encore à venir...
source: La Voix Du Nord
Nombreux sont les analystes financiers qui estiment que le pire n'est
pas encore arrivé et que l'affaiblissement des banques américaines et
européennes risque d'avoir de réels impacts sur notre économie, donc
notre emploi. La dépression économique après la tempête boursière ? La
baisse jusqu'à quand ?
La Voix du Nord qui parle du subprime.. eh be..Bon il leur reste à comprendre la différence entre prix de présentation et prix de l'immobilier...mais ça progresse. Faut dire que la finance c'est pas leur gagne pain tandis que les petites annonces...
Natixis plombé par des inquiétudes grandissantes sur son exposition au "subprime"
source: La Tribune
Le titre Natixis a chuté aujourd'hui de près de 6% et a atteint un plus bas, après une note inquiétante de l'agence Fitch sur la filiale CIFG du groupe bancaire, extrêmement exposée à la crise du "subprime".