Market Watch: Financial Groups Braced for Uncomfortable Week
Scotland on Sunday › April 16, 2008
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Summary
A LIQUIDITY crisis at the US investment bank Bear Stearns ended a volatile week on the US and European money markets.
The FTSE 100 closed at 5631.7 on Friday, having lost 68.2 points over the week, after swinging wildly between positive and negative territory throughout the day.See the full content of this document
Extract
Market Watch: Financial Groups Braced for Uncomfortable Week
The Bear Stearns funding crisis followed the collapse on Thursday of a dollars 21bn mortgage fund owned by US private equity firm Carlyle Group.
The two e...See the full content of this document
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