Kyoto
- 04 Oct 2007 03:08
- 3 of 48
Morning all. Market reports:
Telegraph
The Times
The Times (Need to know)
FT
The Guardian
The Independent
This is Money
Deutsche Bank has become the latest bank to reveal the extent of losses following the US sub-prime collapse. Germany's biggest lender said it would write off 2.2bn (1.5bn) in the third quarter and issued a profits warning.
Meltdown costs Deutsche Bank 2.2bn
Two of Merrill Lynch's most senior bankers have left the firm in the wake of the US sub-prime housing crisis and the subsequent downturn in the global credit markets. Merrill is due to report its third-quarter figures in October and speculation has been rife that the bank could take a massive hit from losses on sub-prime investments and leveraged loans.
Merrill bankers quit over sub-prime woes
Vietnam is planning to cut its purchases of US Treasuries and other dollar bonds, raising fears that Asian central banks with control over two thirds of the world's foreign reserves may soon join the flight from US assets.
Dollar's double blow from Vietnam and Qatar