December 2008


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Jan. 27 (Bloomberg) — Goldman Sachs Group Inc. , the fourth- largest underwriter of high-yield U.S. loans, had an $850 million loss in December linked to Lyondell Chemical Co.


DAVOS-UPDATE 2-Sberbank CEO sees soaring bad loans in Russia (The Forex Market)

DAVOS, Switzerland, Jan 28 (Reuters) - Bad loans are likely to soar to 10 percent in Russia’s banking sector by the end of 2010, the CEO of Sberbank said on Wednesday, in the latest sign of the seriousness of the crisis gripping Russia.

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LONDON - Britain said on Tuesday it would unlock up to STG2.3 billion ($A4.8 billion) in credit funding for its ailing auto industry. We will offer guarantees to unlock loans of up to STG1.3 billion from the European Investment Bank, Business …

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The South Financial Group and Colonial BancGroup Inc. each reported net losses for the fourth quarter and full year of 2008, citing problem loans in Florida as among the reasons. (TSFG) (CNB)

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