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Monday, 22 September 2008 |
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The light at the end of the tunnel is just a mirage when it comes to the lending market. LIBOR (London Interbank offered Rate) has soared to its highest level since April 2008. The increase is up by 6% until now with an increase of 0.3% over the last week. |
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Sunday, 21 September 2008 |
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Recession, sub-prime crisis, foreclosures, a situation similar to the great depression, the worse ever fall of giant banks, money market funds collapsing, and lot of related events are being televised, aired in the radio, pod casts, online blogs, online news and lot more. |
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Thursday, 18 September 2008 |
 The mortgage market does not seem to have any kind of negative consequence due to the fall down of Lehman Brothers or the sale of Merril Lynch. In fact, some borrowers might benefit rather than suffer from such downfall of money empires. |
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Last Updated ( Thursday, 18 September 2008 )
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Wednesday, 17 September 2008 |
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Wondering how severe the money issues are round the globe? Well there is a sample of how it actually is. The value of the share of Reserve Primary Fund, which is a mutual fund in the money market, has gone much below $1. Until now, there was not any company that has their shares available to public to have their share value less than $1. |
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Tuesday, 16 September 2008 |
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Lehman Brothers Holdings Inc, which is a one-time fourth largest US investment bank, files for bankruptcy protection. This is the largest bankruptcy declared in the history of US due to subprime mortgage crisis. Though the chapter 11 filing has not included their Neuberger Berman asset management unit, it is expected that Lehman might be selling them off because most customers might withdraw from a unit whose parent company is seeing a historical breakdown. |
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