In tight market, banks woo buyers for commercial paper

Article Abstract:

Banks are using several strategies to attract and hold on to investors during the current problematic credit market. Approximately $120 bil of non-US commercial paper is coming up for renewal, which includes asset-backed paper totaling $56.5 bil. Bank affiliates are trying to help investors by disclosing extensive data regarding their holdings, particularly exposure to subprime lending, and Australia's central bank has widened the type of assets it accepts as short-term funding collateral.

Europe, Management dynamics, Services information, Management, Services, International aspects, Company business management, Credit market, Credit markets, Commercial credit

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Subprime woes bring IKB bailout

Article Abstract:

Germay's state-owned KfW development bank will assume all of IKB Deutsche Industriebank AG's risks involving Rhineland Funding investments, which include subprime debt vehicles. KfW will also take on potential losses on IKB's balance sheets of as much as $1.37 bil.

Financial management, Germany, Finance, Company financing, IKB Deutsche Industriebank AG, KfW Group

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