Contrarian Stock Market Investing News - Featuring Bargain Stocks

Thursday, November 20th, 2008

Posts Tagged ‘ Western Banks ’

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.

Tags: , $BKX, $USD, Bank Index, Bear Stearns, dollar, economics, Federal Reserve, Financial Stocks, LEH, Lehman Brothers, Merrill Lynch, politics, real estate, Spdr, Step Fashion, Wachovia, Washington Mutual, Western Banks, Xlf
Posted in Politics & Economics | Comments2008-06-03+19%3A45%3A42Justice+Litle

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.

Tags: china, credit crisis, Credit Crunch, Finance, Finance Business, Japanese Banks, Japanese Companies, Japanese Stock Market, Mitsubishi Ufj Financial Group, Mizuho Financial, Overseas Markets, Portfolio, Stock Portfolio, Subprime Mortgages, trade, Western Banks
Posted in Featured, Financial News | Comments2008-05-20+19%3A07%3A03Contrarian+Profits

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