Visit cp33's column >>

CP33

Sleep. Eat. Work. Hockey.
Add To Watchlist
Articles Posted: 35; Links Seeded: 1259
Member Since: 3/2006Last Seen: 9/07/2009

Banks face systemic margin call, $325 billion hit

News Type: Event — Seeded on Sat Mar 8, 2008 7:30 PM EST
advertisement

Wall Street banks are facing a "systemic margin call" that may deplete banks of $325 billion of capital due to deteriorating subprime U.S. mortgages, JPMorgan Chase & Co (JPM.N: Quote, Profile, Research), said in a report late on Friday.

Published to:

Leave a Comment:
You're in Easy Mode. If you prefer, you can use XHTML Mode instead.
Newsvine Privacy Statement
As a new user, you may notice a few temporary content restrictions. Click here for more info.