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Credit Agricole freezes bank takeover plans following new Calyon credit write-downs
16 years ago
French bank Credit Agricole has reported first-quarter figures showing that net profit fell by two thirds to €892 million ($1.32 billion) on new write-downs -
Lloyds TSB takes losses in different parts of the capital structure
16 years ago
Lloyds TSB announced yesterday that it would take a £179 million ($273 million) hit on CDO of ABS investments in the second half of this year and would also write down the value of its SIV capital notes by £22 million to £78 million -
US daily summary 070626
16 years ago
Speculation that subprime mortgage firm Countrywide Financial was being probed under a federal investigation for its subprime lending practices was the catalyst for its CDS blowing out. -
Traders scramble to cover shorts
17 years ago
Traders scramble to cover shorts
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