In tight market, banks woo buyers for commercial paper
Article Abstract:
Banks are using several strategies to attract and hold on to investors during the current problematic credit market. Approximately $120 bil of non-US commercial paper is coming up for renewal, which includes asset-backed paper totaling $56.5 bil. Bank affiliates are trying to help investors by disclosing extensive data regarding their holdings, particularly exposure to subprime lending, and Australia's central bank has widened the type of assets it accepts as short-term funding collateral.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2007
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Subprime woes bring IKB bailout
Article Abstract:
Germay's state-owned KfW development bank will assume all of IKB Deutsche Industriebank AG's risks involving Rhineland Funding investments, which include subprime debt vehicles. KfW will also take on potential losses on IKB's balance sheets of as much as $1.37 bil.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2007
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Comment about this article or add new information about this topic:
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