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Banks eye £90bn in mortgage asset swaps
Fri, 16 May 2008 00:06 BST
The UK's biggest banks are preparing to swap £80bn-£90bn of mortgage-backed assets for Treasury bills with the Bank of England ? nearly twice as much as the central bank originally envisaged when it unveiled its scheme to unblock the frozen bank-lending market
ECB concern over liquidity scheme
Thu, 15 May 2008 23:41 BST
The European Central Bank voiced its 'high concern' at growing evidence that banks are exploiting its efforts to unblock the frozen funding markets by using its liquidity scheme to offload more risky assets than it envisaged
Nordic banks step in to back Iceland
Fri, 16 May 2008 18:20 BST
The central banks of Sweden, Denmark and Norway unveiled a ?1.5bn emergency funding package to support Iceland's troubled currency and stabilise its banking system
German growth helps spur eurozone
Thu, 15 May 2008 20:26 BST
A dramatic German growth spurt powered a reacceleration in eurozone growth at the start of this year, in contrast to the sharp US slowdown
Liffe offers new money market options
Thu, 15 May 2008 17:18 BST
Liffe, the international derivatives exchange, is launching new money market products amid growing concerns over the London Interbank Offered Rate as a reference for future interest rates
Banks write off 80% of subprime losses
Wed, 14 May 2008 21:46 BST
Global banks have now written off more than 80 per cent of their losses against assets linked to the US subprime mortgage market, according to a report by Fitch Rating
FSA shies away from credit swaps
Wed, 14 May 2008 21:42 BST
Financial Security Assurance, the bond insurer, which has avoided many of the mortgage-related losses plaguing rivals such as Ambac and MBIA, said the volatility in the credit default swaps market had made it reluctant to write new contracts
No interest rate cut for two years, Bank warns
Wed, 14 May 2008 21:36 BST
The UK economy is set for a sharper, more prolonged slowdown in growth than the Bank thought likely in February, but the short-term spike in inflation will be much more severe and persistent than anticipated
Stable inflation data slow bond sell-off
Wed, 14 May 2008 21:15 BST
US bond yields rose towards their highest levels since the start of the year before the sell-off was stemmed with the release of a stable April consumer inflation report
ABX index looks to find some of its old spark
Wed, 14 May 2008 21:01 BST
After changing fortunes since the credit crisis hit, the index may be on the rise
Brazil prices bond deals at lower spreads than Buffett
Wed, 14 May 2008 17:19 BST
Brazil is pricing bond deals at lower spreads than Berkshire Hathaway, the investment company of billionaire financier Warren Buffett, as it establishes itself as one of the best-performing markets in the world this year
Bonds, inflation and the eurozone economy
Wed, 14 May 2008 15:05 BST
Investors have sought out bonds as a safe haven during the recent spate of volatility on equities markets in a move to control risk. But as stock indices start to rebound amid a growing feeling that markets are nearing the end of the credit crisis, what are the prospects for European bond yields?
CPI surge poses King with fresh dilemma
Wed, 14 May 2008 08:03 BST
Consumer price inflation exceeded all expectations by rising to 3 per cent in April. The news wiped out market expectations of further interest rate cuts this year
Moody's goes for volatility and loss sensitivities
Wed, 14 May 2008 01:03 BST
The largest ratings agency has backed away from radical proposals to overhaul its ratings system
Moody's sticks to ratings scale
Wed, 14 May 2008 01:03 BST
Moody's rebuffs calls to scrap the practice of using an alphabet-based rating scale for complex financial instruments
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