MBIA Debt-Guarantee Split Sparks Hedge Fund Lawsuit (Update1) - Bloomberg
March 11 (Bloomberg) — MBIA Inc. ’s split of its bond- insurance business was challenged by hedge funds alleging the move hurts owners of about $240 billion of debt while benefiting stock investors, executives and some policyholders. The
Dynex Capital, Inc. Announces Fourth Quarter and Full Year 2008 - Businesswire.com
GLEN ALLEN, Va.–( BUSINESS WIRE )–Dynex Capital, Inc. (NYSE: DX) reported its results today for the fourth quarter and full year 2008. Highlights include: Net income to common shareholders for the year of $11.1 million, or $0.91 per common share
Banks’ Bondholders May Be Next to Share Bailout Pain (Update3) - Bloomberg
March 11 (Bloomberg) — Citigroup Inc. and Bank of America Corp.’s bond prices are sliding on concern that owners of debt issued by U.S. financial firms will be forced to swallow losses if the industry needs another bailout. U.S. bank debt has lost
IMF faces trust problem in Africa - Saudi Gazette
DAR ES SALAAM - As the International Monetary Fund (IMF) seeks ways to help Africa through the global economic crisis it faces deep-rooted mistrust stemming from past mistakes. Two decades of so-called “structural adjustment” policies have
Brigham Exploration Reports Year End and Fourth Quarter 2008 Results - MSN MoneyCentral
Revenues from the sale of oil and natural gas including hedge settlements for 2008 were $121.5 million, which represents a 3% decrease when compared to last year. Lower production volumes and hedge settlements decreased revenue by $20.4 million and
Will a Mark-to-Market Fix Save the Banks? - Time
TARP recipients testify before the House Financial Services Committee on Feb. 11. From left: Goldman Sachs’ Lloyd Blankfein, JPMorgan Chase’s Jamie Dimon, Bank of New York’s Robert Kelly, Bank of America’s Ken Lewis and State Street’s Ronald Logue
Official warns Congress not to force lending - Associated Press
WASHINGTON (AP) — The official in charge of the Treasury’s $700 billion bailout program for the financial sector warned Congress Wednesday that the government should not force banks to make loans that bankers may deem risky. Neel Kashkari, interim
Here comes another set of dodgy U.S. loans - Reuters Blogs
Banks in the U.S. face a new source of write-downs and failures in the coming year as loans made to developers to finance residential and commercial property development rapidly go bad. And as these loans are old-fashioned and concentrated in smaller
MBIA Debt-Guarantee Split Sparks Hedge Fund Lawsuit (Update1) - Bloomberg
March 11 (Bloomberg) — MBIA Inc. ’s split of its bond- insurance business was challenged by hedge funds alleging the move hurts owners of about $240 billion of debt while benefiting stock investors, executives and some policyholders. The
Dynex Capital, Inc. Announces Fourth Quarter and Full Year 2008 - Businesswire.com
GLEN ALLEN, Va.–( BUSINESS WIRE )–Dynex Capital, Inc. (NYSE: DX) reported its results today for the fourth quarter and full year 2008. Highlights include: Net income to common shareholders for the year of $11.1 million, or $0.91 per common share
Banks’ Bondholders May Be Next to Share Bailout Pain (Update3) - Bloomberg
March 11 (Bloomberg) — Citigroup Inc. and Bank of America Corp.’s bond prices are sliding on concern that owners of debt issued by U.S. financial firms will be forced to swallow losses if the industry needs another bailout. U.S. bank debt has lost
IMF faces trust problem in Africa - Saudi Gazette
DAR ES SALAAM - As the International Monetary Fund (IMF) seeks ways to help Africa through the global economic crisis it faces deep-rooted mistrust stemming from past mistakes. Two decades of so-called “structural adjustment” policies have
Brigham Exploration Reports Year End and Fourth Quarter 2008 Results - MSN MoneyCentral
Revenues from the sale of oil and natural gas including hedge settlements for 2008 were $121.5 million, which represents a 3% decrease when compared to last year. Lower production volumes and hedge settlements decreased revenue by $20.4 million and
Will a Mark-to-Market Fix Save the Banks? - Time
TARP recipients testify before the House Financial Services Committee on Feb. 11. From left: Goldman Sachs’ Lloyd Blankfein, JPMorgan Chase’s Jamie Dimon, Bank of New York’s Robert Kelly, Bank of America’s Ken Lewis and State Street’s Ronald Logue
Official warns Congress not to force lending - Associated Press
WASHINGTON (AP) — The official in charge of the Treasury’s $700 billion bailout program for the financial sector warned Congress Wednesday that the government should not force banks to make loans that bankers may deem risky. Neel Kashkari, interim
Here comes another set of dodgy U.S. loans - Reuters Blogs
Banks in the U.S. face a new source of write-downs and failures in the coming year as loans made to developers to finance residential and commercial property development rapidly go bad. And as these loans are old-fashioned and concentrated in smaller