Lots of news this week……. The real world has crept back into the picture with more dark news on credit. Credit Suisse reported a big writedown in subprime. But the bigger news was on some analysts reports on Citigroup and Bank of America. The outlook for both of these giants were lowered significantly. The analysts said that they expect Citigroup will have to lopogo.pngwer their dividend rate and make other moves totaling $30 billion to shore up capital. Other rumors of interest included: Goldman Sachs imminent announcement of a $20 billion loss, Merrill Lynch imminent announcement of a $10 billion writedown in the 4th quarter on top of the $8.4 billion in the 3rd,Major UK bank announcement of severe losse. And any number of other imminent announcements of losses by other institutions ...
Comments
1