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Apparently, Standard & Poor’s Credit Research didn’t get the memo. U.S. Treasury Secretary Henry Paulson told CNBC earlier this week that he doesn’t foresee another major financial institution fai...
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Cuts Like a Dull Knife With increased risk for the entire sector Standard & Poor’s (S&P) cut its ratings on 11 financial institutions and placed a twelfth on close watch for a potential downg...
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Markets in Asia were mixed The Nikkei fell .9% to 8,589. Toyota (TM) fell on word it might post a loss. The Hang Seng was down 1.9% to 15,208. HSBC (HBC) was...
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Despite all the capital the Treasury has put into large US banks, their stock may be about to make new multi-year lows. While the housing market is still...
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Most markets in Asia fell. The Nikkei was off 5.3% to 8,239, Sony (SNE) dropped on concerns about holiday sales. The Hang Seng fell 6% to 13,097. HSBC (HBC)...
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