In order to give themselves a boost in their liquidity, many large banks are now writing down their bad credit mortgages. Deutsche Bank in particular wrote off $4 billion in bad credit mortgages and may continue the trend in the next quarter. The company did see their shares increase in response to the move. This […]
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Many Question Efficacy of Bank of England’s Decision
Posted on April 2nd, 2008 by justin
Following the move from the Bank of England to try to inject life into a dying housing market, many experts are wondering just how much effect their announcement and actions will have. Bad credit mortgages are continuing to go into default and plunging property values are making the situation even worse. Although banks were generally […]
How Bad is the Credit Crisis Going to Get?
Posted on April 2nd, 2008 by justin
With banks floundering under the pressure of bad credit mortgages, many consumers have been left wondering just how bad the credit crisis is going to get. Banks in Europe are beginning to feel the strain and banks that many thought were too solid to fail are folding up shop. If you are holding a bad […]
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