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    March 2008 - We would like to extend a warm welcome to our visitors to our finance directory portal. Personal financial planning is very important these days. With stock markets swinging wildly and the looming recession in the US it is more important than ever to keep up-to-date with breaking finance news.

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With all the woes in the subprime market and considering the reports that some money market funds hold money in securities that include subprime debt, should I be worried that my money market fund may "break the buck"? - Keith Lobel, Columbia, S.C. The news wires have certainly been abuzz lately with reports of securities linked to subprime mortgages turning up in money market funds.
Investment banking pre-tax profits could plummet almost three-quarters in the second half of the year on the back of market volatility sparked by the sub-prime mortgage crisis, according to stress tests conducted by rating agency Standard & Poor’s. S&P analyzed the prospects for investment banking and trading revenues by comparing banks’ performance in the second half of 1998 in the wake of the Russian debt crisis.



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