BloggingStocks http://www.bloggingstocks.com BloggingStocks http://www.blogsmithmedia.com/http://www.bloggingstocks.com/media/feedlogo.gif BloggingStocks http://www.bloggingstocks.com en-us Copyright 2012 Weblogs, Inc. The contents of this feed are available for non-commercial use only. Blogsmith http://www.blogsmith.com/<![CDATA[Fed, ECB, BOE, China cut interest rates to fight global financial crisis]]>http://www.bloggingstocks.com/2008/10/08/fed-ecb-boe-china-cut-interest-rates-to-fight-global-financia/http://www.bloggingstocks.com/2008/10/08/fed-ecb-boe-china-cut-interest-rates-to-fight-global-financia/http://www.bloggingstocks.com/2008/10/08/fed-ecb-boe-china-cut-interest-rates-to-fight-global-financia/#commentsFiled under: , , , ,

In an unprecedented, emergency, coordinated move, the Fed and other major central banks cut interest rates Wednesday, in an attempt to prevent the global financial crisis from spreading further and damaging economies.

The Fed, European Central Bank, Bank of England, Bank of Canada, Sveriges Riksbank, and the Swiss National Bank each lowered their benchmark rates by 50 basis points. The Bank of Japan was not involved in this round of rate cuts, but said it fully supported the action.

Separately, China's central bank also lowered its one-year lending rate by 0.27 percentage points.

"`The recent intensification of the financial crisis has augmented the downside risks to growth and thus has diminished further the upside risks to price stability,'' the banks said in joint statement. "Some easing of global monetary conditions is therefore warranted."

The action brought the Fed's benchmark rate to 1.5%; the ECB's main rate is now 3.75%; Canada's declined to 2.5%; the U.K.'s rate fell to 4.5%; Sweden's rate declined to 4.25%. China's rate fell to 6.93%.

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Fed, ECB, BOE, China cut interest rates to fight global financial crisis originally appeared on BloggingStocks on Wed, 08 Oct 2008 08:28:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>Bank of Englandbanking sectorbanksbond marketChinacontagioncredit marketsECBEuropean Central BankfeaturedFedinterest ratesmonetary policyRiksbankU.S. Federal ReserveWed, 08 Oct 2008 08:28:00 EST<![CDATA[Bernanke's speech: Good news, bad news ]]>http://www.bloggingstocks.com/2008/07/08/bernankes-speech-good-news-bad-news/http://www.bloggingstocks.com/2008/07/08/bernankes-speech-good-news-bad-news/http://www.bloggingstocks.com/2008/07/08/bernankes-speech-good-news-bad-news/#commentsFiled under: , ,

U.S. Federal Reserve Chairman Ben Bernanke said Tuesday the world's most powerful central bank may extend securities dealers' access to direct loans from the Fed into 2009 as long as emergency conditions "continue to prevail."

Bernanke, speaking Tuesday in Arlington, Virginia, at the FDIC Forum on Mortgage Lending for Low/Moderate Income Households, said "the Federal Reserve is strongly committed" to financial stability and is "considering several options, including extending the duration of our facilities for primary dealers beyond year-end."

Further, Bernanke also said the Fed would "take a leading role" in any liquidation process for a failing investment bank.

The Fed, and other U.S. Government institutions, as well as other major central banks, are in the midst of dealing with the aftereffects of the end of the housing boom in the U.S., which led to a surge in mortgage foreclosures and related asset-back defaults.

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Bernanke's speech: Good news, bad news originally appeared on BloggingStocks on Tue, 08 Jul 2008 10:10:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>Bernankebond marketcontagioncredit crunchcredit marketsFedforeclosureshousing sectorinterest ratesinthenewsmonetary policymortgagesTerm Auction FacilityTerm Securities Lending FacilityU.S. Federal ReserveTue, 08 Jul 2008 10:10:00 EST<![CDATA[Kohlberg Kravis Roberts: Is IPO postponement ahead?]]>http://www.bloggingstocks.com/2007/07/29/kohlberg-kravis-roberts-is-ipo-postponement-ahead/http://www.bloggingstocks.com/2007/07/29/kohlberg-kravis-roberts-is-ipo-postponement-ahead/http://www.bloggingstocks.com/2007/07/29/kohlberg-kravis-roberts-is-ipo-postponement-ahead/#commentsFiled under: , , ,

In the financial world, "contagion" is a Wall Street term that describes marketwide selling in one region of the world, for example in Tokyo or Berlin, that leads to selling in another region of the world, for example, in New York.

But contagion can take place within a market (or intramarket) as well, and that appears to be the case with private equity firm Kohlberg Kravis Roberts (KKR) and its initial public offering.

A repricing of risk sparked by renewed concerns regarding subprime mortgage defaults, as well as a moderate stance regarding the deployment of new capital, has produced more-conservative capital market conditions -- conditions that may prompt KKR to postpone its IPO.

KKR filed to go public on July 3 and planned to raise $1.25 billion. KKR had sought to follow in private equity firm Blackstone's (NYSE: BX) footsteps: in June Blackstone priced 133.33 million shares at $31 in a $4.13 billion IPO. BX's shares have since slipped to around the $26 mark.

More importantly, a new conservative tone has gripped the debt markets, and that mood has spilled into the initial stage equity market -- conditions that will make it harder for KKR to attract an adequate price for its shares, and quite possibly, prevent the company from moving forward with the IPO at this time.

Continue reading Kohlberg Kravis Roberts: Is IPO postponement ahead?

Kohlberg Kravis Roberts: Is IPO postponement ahead? originally appeared on BloggingStocks on Sun, 29 Jul 2007 16:10:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>BlackstoneGroupcontagionDavid MenlowDavidMenlowdebt marketDebtMarketequity marketIPOIPOfinancial.comKKRKohlberg Kravis Robertssubprime mortgage defaultssubprime mortgagesSubprimeMortgageDefaultsSun, 29 Jul 2007 16:10:00 EST