How turmoil melted a money fund: mortgage problems hit a Credit Suisse vehicle; its assets, yields slide

Article Abstract:

Credit Suisse Institutional Money Market Prime Fund, a vehicle of Credit Suisse Group, has dropped to $10 bil from a July 2007 high of $25.5 bil, due primarily to mortgage-backed securities that became vulnerable to the current credit crisis. The firm had used portals, or computer-based money market fund listings, to draw high yields. Investment losses for Credit Suisse Group have exceeded $100 mil.

Author: Smith, Randall, Lauricella, Tom
Publisher: Dow Jones Publishing Co. (Europe)
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2007
Economic aspects, International aspects, Influence, Credit Suisse Group, Mortgage-backed securities, Mortgage backed securities, CSGN, Subprime loans

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U.S. banks vie for big postwar roles

Article Abstract:

U.S.-based banks are positioning themselves for a highly-profitable role in reconstructing postwar Iraq's finanicial system. Citigroup, Bank of America, and J.P. Morgan have expressed interest in reconstructing the Iraqi financial system.

Author: Pacelle, Mitchell
Publisher: Dow Jones Publishing Co. (Europe)
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2003
United States, Banking Institutions, Iraq, Banking industry, Banks (Finance), Citigroup Inc., C, BankAmerica Corp., J.P. Morgan and Company Inc., JPM, Company business planning, BAC

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Zurich might acquire partner for Scudder Investment unit

Article Abstract:

Zurich Financial Services Group is seeking a partner that will merge with its Zurich Scudder Investments unit. Scudder has seen major funding outflows in its business.

Author: Deogun, Nikhil, Lauricella, Tom
Publisher: Dow Jones Publishing Co. (Europe)
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2001
Switzerland, Money Management Accts & Svcs, Zurich Financial Services, Asset management accounts, Zurich Scudder Investments Inc.

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Subjects list: Financial services industry, Finance, Financial services, Switzerland, Company financing, Planning
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