There has been much debate about whether the financial crisis is driven by lack of liquidity or from fears about lack of adequate capital and solvency, but I’m starting to think a third component is important as well, the complete breakdown of traditional information flows, and a loss of confidence in the models used to [...]
WASHINGTON (AP) — U.S. thrifts lost $5.4 billion in the second quarter and set aside a record amount to cover losses from bad mortgages and other loans.
Data from the U.S. Office of Thrift Supervision released Wednesday show federally-insured savings and loan institutions posted their second-largest quarterly loss ever in the April-June period, after the $8.8 [...]
NEW YORK (Dow Jones)–Citigroup Inc. (C) will have to cut or eliminate its
dividend altogether as its businesses become less profitable, analyst Meredith
Whitney of Oppenheimer & Co. said Monday.
Whitney accurately predicted last year that the giant international bank would
have to cut its dividend and raise capital to strengthen its balance sheet after
write-downs. Early this year the [...]
Stumble It!