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  1. Helicopter cure for subprime crisis carries moral hazard

    Posted Mar 14th 2008, 12:00am by Jake Van Der Kamp

    ... by government agencies and banks. This, he hopes, will help restore some confidence in residential mortgage securities in the wake of the subprime mortgage crisis and thus, he hopes, forestall the need ... in Texas. You must have asked yourself by now whether the people who approved subprime mortgages, knowing with reasonable certainty that these obligations would eventually prove too great a burden ...

  2. Banks warned of subprime-linked bad debts and tightening policy

    Posted Feb 02nd 2008, 12:00am by Staff Reporter

    ... Natalie Chiu Bad loans at mainland lenders will start to emerge this year because of increasing credit risk from their exposure to the United States' subprime mortgage crisis ... lenders' earnings will be hurt by more provisions for investments linked to subprime-related securities. 'Mainland banks can't remain unaffected by the credit crisis from which US ...

  3. Hazards in Bush's subprime bailout

    Posted Dec 08th 2007, 12:00am by Staff Reporter

    ... America's subprime mortgage crisis has led to a squeeze in global credit markets as losses on securities backed by these mortgages spread and mount. Economists have warned ... package argue that the adverse consequences of not bailing out US subprime mortgage borrowers outweigh those of allowing a financial meltdown to take its course. That might be the case. ...

  4. Will the US mortgage crisis engulf Asia?

    Posted Mar 25th 2007, 12:00am by Staff Reporter

    ... on March 14. Now, some analysts, like Morgan Stanley chief economist Stephen Roach, are comparing the sub-prime mortgage market to past bubbles- from savings-and-loans in the 1980s to dotcom ... when he warned of the possibility of a coming recession. Sub-prime lenders sell mortgages to borrowers with poor credit, charging interest rates as much as 4 or 5 percentage points higher than ...

  5. HSBC hopes subprime bug will not spread

    Posted Aug 01st 2007, 12:00am by Staff Reporter

    ... to other sectors was limited at the moment. Chairman Stephen Green said it was hard to tell whether loan delinquencies at the bank's US subprime mortgages business would stabilise ... ago, mainly due to its US subprime mortgage troubles. North America accounted for 60 per cent of the provision. Analysts are concerned the bank's subprime problem will escalate despite ...

  6. BOC sets aside US$322m more for subprime losses

    Posted Oct 31st 2007, 12:00am by Staff Reporter

    ... subprime mortgages market, the group will closely monitor the future developments of the market,' its statement said. Meanwhile, BOC also set aside US$321 million directly ... million against possible losses on its United States subprime-backed assets. The country's second-largest lender yesterday revealed in a statement that it held in the third quarter US$7.95 ...

  7. Subprime fallout may stretch to US$200b

    Posted Nov 06th 2007, 12:00am by Staff Reporter

    ... mortgages were linked to borrowers' collateral in some structured products, the collapse of the subprime market could cause liquidations and thus create losses. As an indirect result, some ... affected. Frances Cheung, an economist at Standard Chartered, agreed that the worst of the subprime mortgage crisis was not yet over but said it was hard to quantify the losses that the subprime ...

  8. Asia's capital export key in subprime ills

    Posted Sep 03rd 2007, 12:00am by Tom Holland

    ... Tom Holland Most observers agree that the cause of the current financial markets turmoil lies with reckless lending in the United States subprime mortgage market. That is partly true, ... in the US to ramp up their mortgage lending- and therefore their income- while selling their exposure to defaults to third-party investors. The result, many pundits have argued, was a decline ...

  9. Bank of China earnings rise after provisions for subprime losses

    Posted Jan 23rd 2008, 12:00am by Staff Reporter

    ... in US subprime mortgage securities in the fourth quarter, mainland banking sources said earlier. 'The lender will probably make an announcement on increased provisions in the fourth quarter ... Natalie Chiu Bank of China, the nation's third-largest lender, says profit grew last year even after it set aside provisions for investments related to the troubled US subprime ...

  10. Corrections & clarifications

    Posted Aug 29th 2007, 12:00am by Staff Reporter

    ... The report 'CCB discloses US$1.06b in subprime investments' published on August 27 should have said: 'The bank said it had set aside 139 million yuan as provision against securities, rated AA or above, less than market forecasts of 576 million yuan.' ...




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