14 novembre 2007
Les "subprimes", une bombe à retardement
source: Le Monde
La BCE met en garde contre une aggravation des risques pour les banques
source: Les Echos
Northern Rock faces years of debt
source: Financial Time
Northern Rock could still owe the Bank of England billions of pounds in three years’ time, according to a confidential sales memo circulated to would-be buyers of the stricken lender.
Gloom grows for commercial property sector
source: Financial Time
The commercial property sector saw its worst performance since the crash of 1990 last month, according to new
figures.
The gathering gloom in commercial property comes amid questions over
the health of the housing market. Surveyors are increasingly
pessimistic about house prices according to the monthly survey by the
Royal Institution of Chartered Surveyors, published on Monday.
When Home Builders Hit the Skids
source: The Wall Street Journal
The tumbling housing market is claiming a new class of victim: customers of insolvent home builders.
US property crash deepens
source: BBC
The sudden tightening of credit on high-risk sub-prime mortgages has led to a property price crash in the US, with devastating effects on the whole economy.
Carnage on Wall Street as loans go bad
source: BBC.news
And the carnage in the financial markets could cause a credit squeeze that will dampen economic growth for years to come.
The US sub-prime crisis is leading to a wave of foreclosures across the US that is having a devastating effect on the US housing market, and is likely to lead to the halving of the US economic growth rate in the next six months.
HSBC hit by rise in US bad loan charges
source: Financial Time
Stephen Green, chairman, said that problems with bad debts were spreading from the mortgage business to other loans, such as credit cards, as consumers found it harder to get credit and delinquency rose
Expulsion. Streets
source: libération
Aux Etats-Unis, la crise des subprimes vide des rangées de maisons
de leurs habitants, propriétaires insolvables. Reportage à Cleveland.
Emprunter paraissait si facile», dit Martin. «Mais s’il vous arrive le moindre imprévu, une maladie par exemple, tout se débine». «Il faudra que je me débarrasse de mes trois chiens, ajoute sa mère Janice, et aussi de tous mes rêves.»