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Europe insurers including AXA, Allianz reveal falling profitsDate: Thu, 7. August 2008 14:50:00
Insurers across Europe reported declining profits Thursday as the credit crisis and tumbling stock markets hurt sales and forced them to take further write-downs on the value of investments.
Audio: It's a short journey to 'financial abundance'Date: Mon, 19. May 2008 13:15:01
Wayne Farlow, author of "Financial Abundance Guide," says that individual investors need to take seven simple steps to make, grow and maintain their wealth, starting with simply spending less than they earn and progressing through managing investments and protecting what they have earned. In a radio interview, Farlow noted that abundance or scarcity are less a product of wealth or poverty, but rather are a product of an individual's view on life.
MarketWatch First Take: With bailouts & probes, Washington takes on the shortsDate: Mon, 14. July 2008 00:49:00
WASHINGTON (MarketWatch) -- The U.S. financial system has lost hundreds of billions of dollars on stupid investments, but don't worry: The federal government has found someone to blame: Rumor-mongers and short-sellers.
KBC to take $1.3 billion hit from CDO downgradesDate: Mon, 29. December 2008 09:27:00
Belgium?s KBC says Monday that write-downs on its collateralized debt obligation investments will knock around 900 million euros ($1.28 billion) off its bottom line in the fourth quarter.
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GM, Ford bonds sell off, another blow to junk bond marketDate: Wed, 19. November 2008 23:40:00
The potential collapse of America's automakers is adding more distress to the struggling junk bond market, where spreads have been hitting record highs as investors shun all but the safest investments.
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Financial Stocks: Investors cull weak banks, lift strong handsDate: Fri, 26. September 2008 20:30:00
Investors separate the wheat from the chaff in the banking industry, driving down shares of firms like Wachovia Corp. and National City, both burdened with soured mortgage investments, and lifting shares of J.P. Morgan, Wells Fargo and Bank of America, which are emerging as the industry's strongest.
Barclays profit drops 35% after further write-downsDate: Thu, 7. August 2008 13:52:00
U.K. lender Barclays said Thursday that its first-half net profit fell 35% after a further drop in the value of its credit market investments, and added that conditions will remain tough for some time.
As student loans dry up, your college savings strategy is keyDate: Sun, 5. October 2008 20:58:00
With the credit crunch crimping the student-loan market and financial-market upheaval crunching investments in college-savings plans, what?s a parent to do? That depends somewhat on when your child will need those college funds.
Banks reportedly may face action of Italian bondsDate: Mon, 5. January 2009 11:11:00
Several major banks, including J.P. Morgan, UBS and Deutsche Bank, could be facing legal action from Italian authorities over deals they struck to manage bond investments, according to a published report Monday.
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Citigroup posts nearly $3 billion loss amid more write-downsDate: Thu, 16. October 2008 20:37:00
Citigroup Inc., the troubled banking giant, reported its fourth straight quarterly loss on Thursday amid continuing write-downs for soured investments.
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