French banks plan liquidity fund

Article Abstract:

Five banks in France are establishing a conduit investment fund to assist small to midsize asset management firms in the event of a shortage in liquidity. The banks involved are Natixis, the Calyon unit of Credit Agricole SA, the French division of HSBC Holdings PLC, Societe Generale S.A., and BNP Paribas S.A. To create the fund, the banks would put in up to $1.47 bil of their asset-backed securities.

Commercial Banks, Services information, United Kingdom, Banking industry, Economic aspects, Services, France, International aspects, Influence, HSBC Holdings PLC, BNP Paribas S.A., Societe Generale S.A., Credit Agricole S.A., Subprime loans

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German bank blames UBS for subprime hit

Article Abstract:

HSH Nordbank AG issues a statement in which it blames the bank's recent financial losses on the purchase of collaterized debt obligations from UBS AG for $500 million. Article discusses the effects of the U.S. subprime mortgage crisis on the international banking sector.

Germany, Forecasts, trends, outlooks, Financial management, Finance, Reports, Forecasts and trends, Company investment, Investments, Capital market, Capital markets, Market trend/market analysis, UBS AG, Mortgage-backed securities, Mortgage backed securities, Company financing, HSH Nordbank AG

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