News
More RMBS downgrades possible, warns Standard & Poor's
Rating agency simulations highlight that next 18 months could see ratings cuts and house prices fall
Democrat proposals provide template for borrower bailout
Broad government support for troubled borrowers looks more likely in the wake of Fed action on Bear Stearns. Bills put forward by two leading US politicians point to what form it might take
Doubts that UK government kitemark scheme will fly
'Gold standard' plan for bonds gets mixed reception, with industry watchers divided over whether it gives the market much-needed direction or fails to offer any real assurances
Central banks pull together for second co-ordinated bailout
Banks launch another set of emergency auctions in reaction to ongoing liquidity pressures
Gloomy outlook forces credit analysts to jump ship
The credit market is losing the expertise of many leading analysts and strategists who are switching jobs in the worsening climate - at the very time when their research skills could be most needed
RMBS investors sceptical over 'gold standard'
The creation of a gold standard for RMBS issues, as proposed by the UK government, could merely be another way of confirming the quality of the underlying assets and do little to help investors
UBS reveals $19 billion more subprime losses
UBS will take $19 billion in writedowns in the first quarter of this year on exposure to the US property market, the Zurich bank announced this morning.