French banks agree to set up 1 bln superfund: report
ZURICH (Reuters) – Five French banks have agreed to set up a “super-conduit” fund holding $1.47 billion of asset-backed securities early in 2008 to ensure a liquid market for any French mutual funds destabilized by the global credit crisis, the Financial Times reported on Thursday.
LONDON (Reuters) – HBOS Plc , Britain’s biggest mortgage lender, said it would take a 180 million pound ($367.7 million) hit on the value of assets due to the credit crunch but 2007 underlying earnings are on track to meet analysts’ forecasts.
About Pete Southern
Pete Southern is an active trader, chartist and writer for market blogs. He is currently technical analysis contributor and admin at this here blog.
Most Popular Content
- Dow Jones and US Stocks Take a Breather as Inflation Cools and Trade Talks Reignite
- Crude Oil Prices Keep Sliding as Opec Floods Market
- Gold and Copper Prices Dip Amid Trade Turbulence and Tariff Worries
- Copper Prices Hit New Heights Amid Global Trade Tensions
- Oil Markets Respond to OPEC+ Production Signals as Prices Find Support
- Gold Prices Reach Record Highs Amid Economic Uncertainty and Volatility
- Pressure Mounts on the British Pound Following Autumn Budget
- Impact and Outlook for the U.S. Economy on Rate Cut
Currency Articles - Nov 3, 2024 13:35 - 0 Comments
Pressure Mounts on the British Pound Following Autumn Budget
More In Currency Articles
Gold and Oil News - May 5, 2025 13:10 - 0 Comments
Crude Oil Prices Keep Sliding as Opec Floods Market
More In Gold and Oil News
- Gold and Copper Prices Dip Amid Trade Turbulence and Tariff Worries
- Copper Prices Hit New Heights Amid Global Trade Tensions
LiveWire Economics Blog, Shares and Markets - Jun 11, 2025 21:37 - 0 Comments
Dow Jones and US Stocks Take a Breather as Inflation Cools and Trade Talks Reignite
More In Shares and Markets
- US Stock Market Faces Turbulence and Mixed Commodity Reactions
- U.S. Stock Indices: A Dance Between Optimism and Fear