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Toxic Assets News is an EIN News Service for banking industry professionals. Constantly updated news and information about banking.
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  • Half of banks' toxic debt has yet to be revealed -- a total of €1.5tn 24 Nov 2009 06:13 GMT
    ... said that about half of bank losses from the global ... that banks may have $1.5 trillion in toxic debt remaining on their books, which may hurt credit ...

  • One man's trash ...: Investors show desire to buy toxic bank loans, but some see no need to hurry 24 Nov 2009 09:01 GMT
    ... assets that lenders don’t want. And the toxic assets — as they’re often called — can ... investors run the risk of seeing a toxic asset lose value. That’s why Chris Elliott, co-founder ...

  • Australia: The second anniversary of the Rudd Labor government: appearance and reality 24 Nov 2009 09:04 GMT
    ... more secure than their overseas rivals because of their relatively minimal exposure to US toxic assets. Rudd only prevented a descent into outright bankruptcy by pledging unlimited public money as ...

  • Miners shine as gold glistens 24 Nov 2009 01:06 GMT
    ... Shares were boosted by reports that it is planning to offload some of its toxic assets in Ireland and that National Australia Bank, owner of the Clydesdale, is watching a ...

  • Tom Ehrich: Have we learned nothing from the recession? 24 Nov 2009 04:32 GMT
    ... like Lehman Brothers and Bear Stearns and left Uncle Sam holding the bag on toxic assets. They did nothing to challenge the avarice that led financial managers to play high-stakes ...

  • Andrew Leckey: Initial public offerings make a comeback, but be wary 24 Nov 2009 04:36 GMT
    ... "the rest are underwater." Some real estate investment trusts also attempted to sweep up toxic assets into IPOs to get rid of them, but those IPOs have stumbled, he said. ...

  • Initial public offerings make a comeback, but be wary 24 Nov 2009 04:36 GMT
    ... "the rest are underwater." Some real estate investment trusts also attempted to sweep up toxic assets into IPOs to get rid of them, but those IPOs have stumbled, he said. ...

  • Big Surprise: Most Big Banks Lack Capital 24 Nov 2009 09:09 GMT
    ... be subject to tougher regulations before they have rebuilt capital via government purchases of toxic assets, government backstops, low interest rates, and a steep yield curve. Tougher rules at this ...

  • Lloyds reveals cash-call details 24 Nov 2009 08:51 GMT
    ... Lloyds Banking Group today set out details of its ... avoid taking part in the British government’s toxic asset insurance scheme. The average Lloyds private shareholder ...

  • Lloyds reveals cash call details 24 Nov 2009 09:02 GMT
    ... has set out details of its £13.5 billion record cash call ... to avoid taking part in the Government's toxic asset insurance scheme. The average Lloyds private shareholder ...

  • Lloyds prices rights issue at 37p 24 Nov 2009 07:35 GMT
    ... has priced its world record £13.5bn rights issue at 37p ... avoid being tied into the government’s £260bn toxic asset protection scheme. It’s already agreed to pay ...

  • Red Alert, The Second Wave of The Financial Tsunami to Hit in 2010 23 Nov 2009 16:36 GMT
    ... injected with massive amount of virtual monies to recapitalize and get rid of the toxic assets on their balance sheet. The major central banks in the developed countries in cahoots ...

  • The Weak Dollar vs. Strong Dollar Dilemma 23 Nov 2009 14:56 GMT
    ... able to earn their way through the cycle and be able to sell their toxic assets at much more favorable prices once the economy had recovered. Having said that, I ...

  • Auditors attacked over banks 23 Nov 2009 05:11 GMT
    ... security,” wrote Sikka. “They too easily accepted management valuations and permitted banks to show toxic assets as good and report profits that did not exist.” “At least $5 trillion of ...

  • One man's trash ... 23 Nov 2009 05:34 GMT
    ... consulting company, is buying loans and other assets that lenders don’t want. And the toxic assets — as they’re often called — can frequently be purchased on the cheap. Kennelly ...


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