Deutsche Bank Overtakes Morgan Stanley In Japan Cmbs Market - Bloomberg oct. 3 (bloomberg) -- deutsche bank ag , germany's largest bank, overtook morgan stanley as the biggest seller of commercial mortgage-backed securities in japan as the wall street firm trimmed operations because of the subprime crisis. the frankfurt ... www.bloomberg.com
Ubs Slims Mortgage-backed Holdings, Turns Profit ubs rose as much as 8.9 percent in swiss trading after saying it expects a "small profit" for the third quarter. the zurich-based bank said in a statement today it "substantially reduced its u.s. commercial and residential mortgage-related positions" and forecast 2009 will be a profitable year. www.chron.com
Japanese Loans Cushion Borrowers As Commercial Paper Rates Rise oct. 3 (bloomberg) -- japanese banks are boosting lending to the nation's biggest companies as seizures in global credit markets push up rates on short-term commercial paper. www.bloomberg.com
The Hyperion Brookfield Strategic Mortgage Income Fund, Inc. Dividend ... - Earthtimes new york, new york -- 10/03/08 -- the board of directors of the hyperion brookfield strategic mortgage income fund, inc. (the "fund") (nyse: hsm) declared a monthly dividend of $0.0725 per share, payable on october 30, 2008 to stockholders of record ... www.earthtimes.org
Wells Fargo Agrees To Acquire Wachovia For $15.1 Billion - Los Angeles Times a woman is reflected in the window of a wachovia corp. branch office in new york. wells fargo says it is acquiring wachovia in an all-stock transaction worth about $15.1 billion, as wachovia ends talks with rival suitor citigroup. citigroup objects ... www.latimes.com
Investors Pull Out Of Us Commercial Paper the amount invested in the us commercial paper market fell by $95bn during the past week, increasing concerns about the availability of money for banks and companies from this vital source of short-term funding. www.ft.com
Cibc To Use $1b Cerberus Cash To Stop Mortgage Writedowns cibc took a big step friday toward stoppering its u.s. real estate red ink by securing a $1 billion us investment in its residential mortgage business from cerberus capital. ca.news.yahoo.com
Crescenzi: A Scary Drop In Commercial Paper - Cnbc for a third week, the total amount of commercial paper outstanding plunged, falling a record $94.9 billion in the week ended october 1st to $1.607 trillion, bringing the cumulative drop for the three weeks to $208 billion. the declines reflect the ... www.cnbc.com
Central Bank Figures Reveal Pressures On Local Economy - Nassau Guardian figures released yesterday by the central bank point to a softening in consumer credit and the domestic mortgage market, and an increase in under-performing domestic loans, supporting the view that the local economy is under pressure following ... www.thenassauguardian.com
The Commercial Market: What's Selling, What's Not? Five Experts Tell It Like It Is region – “for lease” signs in strip malls and office buildings, “for sale” signs on vacant developable land, a commercial building on the market for two years hungry for a buyer – in a nutshell, this is the state of the region’s commercial real estate market. www.tcbusinessnews.com
Cibc To Use $1b Cerberus Cash To Stop Mortgage Writedowns cibc took a big step toward ending u.s. real estate writedowns friday by getting cerberus capital to invest $1 billion in the canadian bank's residential mortgage business. www.cbc.ca
Felcor Wields $599-a-night Beach Rooms To Stop Plunge (update1) - Bloomberg oct. 3 (bloomberg) -- the stretch of southern california shoreline made famous in the beach boys' 1960s hit ``surfin' u.s.a.'' is the proving ground for chief executive officer richard smith 's plan to revive felcor lodging trust inc ., whose shares ... www.bloomberg.com
Amcore Financial, Inc. Announces Third Quarter Earnings Release Date - Msn Moneycentral schedule this webcast into ms-outlook calendar (click open when prompted): http://apps.shareholder.com/pnwoutlook/t.aspx?m=33491&k=1a23bb31 telephone: 1-877-261-8992 password: 22913959 an audio recording of the quarterly conference call will be ... news.moneycentral.msn.com
Deutsche Bank Overtakes Morgan Stanley In Japan Cmbs Market oct. 3 (bloomberg) -- deutsche bank ag , germany's largest bank, overtook morgan stanley as the biggest seller of commercial mortgage-backed securities in japan as the wall street firm trimmed operations because of the subprime crisis. www.bloomberg.com
Banks Unlikely To Pass On Rates - News.com.au home borrowers may be disappointed next week if the major banks use global money market turmoil as an excuse not to pass on all of an expected cut in official interest rates. analysts say elevated interbank lending rates in australia and overseas ... www.news.com.au
Few Cmbs Deals Have Seen Downgrades Despite Turmoil -s&p standard & poor's ratings services said few u.s. commercial mortgage-backed securities have been suffering amid the economic turmoil and have warranted ratings downgrades. www.nasdaq.com
Ubs Has `small' Profit, Reduces Mortgage Holdings (update4) oct. 2 (bloomberg) -- ubs ag , the largest swiss bank, had its first profitable quarter in more than a year and said it decreased holdings of mortgage securities to limit losses from the worst u.s. housing slump since the great depression. www.bloomberg.com
Fitch: Minimal Relief From Asset Quality, Earnings Pressure Prompts ... - Cnbc new york, oct 03, 2008 (business wire) -- national city corporation (ncc) has been battling asset quality issues in its mortgage and home equity portfolios for over a year. fitch notes that during that time the company raised $7.0 billion in new ... www.cnbc.com