Sunday, November 22nd, 2009

Posts Tagged ‘ Western Banks ’

Eastern Europe’s Banks are Next in Line for a Bailout

Feb 20th, 2009 | By Martin Hutchinson | Category: Financial News

We all know about the mess the United States, Britain, Spain and some other countries have gotten themselves into thanks to overenthusiastic housing bubbles.



Financials on the Brink, Housing in the Drin

Jun 3rd, 2008 | By Justice Litle | Category: Politics & Economics

Another day, another round of bad news from the brokers and the banks.



Subprime Crisis Hits Japan’s Largest Bank

May 20th, 2008 | By Contrarian Profits | Category: Featured, Financial News

Japan’s largest bank, Mitsubishi UFJ, has announced that its annual profits have plunged 28%, largely due to its exposure to the subprime market.

The bank said its annual subprime-related losses were more than 120 billion yen ($1.15 billion) and that it could lose another $480 million this year because of subprime exposure.

According to a report by Thomson Reuters, the bank’s president, Nobuo Kuroyanagi, said: “Subprime had a very broad effect on us.