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Financial Ticker | This is the perfect category to list your website in if it relates to world economics or world financial news. Articles 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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