the credit crisis will end witin 2 week time and the conidence will get back to the bond market special after today news ,
report on CNBC that suggested that banks, including Citigroup and Wachovia , and bond insurer Ambac Financial Group would be working over the weekend to craft a rescue plan for the bond insurer. The plan would be announced Monday or Tuesday.
that a solution for Ambac would ease the current credit crunch.
The goal would be for Ambac to split itself in two and raise $3 billion in new capital. About $2.5 billion would be new equity; the rest would be debt.
If successful, the split would safeguard Ambac�s top credit ratings and prevent banks from having to write down billions of dollars in mortgage-related securities they have insured through Ambac, The New York Times said.
The key to getting close to a deal was widespread participation from banks that hold securities that are at risk of downgrade if the firm itself is downgraded
- Forums
- ASX - By Stock
- no more credit crisis
the credit crisis will end witin 2 week time and the conidence...
-
- There are more pages in this discussion • 8 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add ASX (ASX) to my watchlist
(20min delay)
|
|||||
Last
$61.65 |
Change
0.450(0.74%) |
Mkt cap ! $11.95B |
Open | High | Low | Value | Volume |
$61.42 | $61.65 | $61.26 | $21.65M | 351.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 363 | $61.46 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$61.65 | 397 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 363 | 61.460 |
1 | 1117 | 61.450 |
1 | 2 | 61.400 |
1 | 1117 | 61.390 |
1 | 500 | 61.350 |
Price($) | Vol. | No. |
---|---|---|
61.650 | 397 | 2 |
61.700 | 85 | 1 |
61.740 | 1117 | 1 |
61.780 | 68 | 1 |
61.790 | 90 | 2 |
Last trade - 16.10pm 09/07/2024 (20 minute delay) ? |
Featured News
ASX (ASX) Chart |