From: A.VB (valle@servidor.unam.mx)
Date: Tue Jul 29 2008 - 12:56:52 EDT
Credit quality across many loan classes has begun to deteriorate with declining house prices and slowing economic growth. Although banks have succeeded in raising additional capital, balance sheets are under renewed stress and bank equity prices have fallen sharply," the IMF's /Global Financial Stability Report Market Update/, released on July 28, said. The /Update/ notes that banks have been fairly successful in raising equity so far, amounting to about three-fourths of the writedowns to date, adding that IMF analysts had little reason to change earlier estimates of aggregate potential losses from the crisis of $945 billion published in April. However, the renewed stress has made raising additional capital more difficult and increased the likelihood of a negative interaction between banking system adjustment and the real economy, the report added. Full article at: http://www.imf.org/external/pubs/ft/survey/so/2008/NEW072808A.htm _______________________________________________ ope mailing list ope@lists.csuchico.edu https://lists.csuchico.edu/mailman/listinfo/ope
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