Exact(15)
They only assessed the risks posed by deteriorating assets in banks' trading accounts.
Citigroup and Merrill Lynch have each lost money every quarter in the last year, as deteriorating assets wiped out revenue.
The idea of segregating the deteriorating assets at troubled institutions as part of a rescue effort is not new.
Citigroup had agreed to settle allegations that it misled investors into buying deteriorating assets in a weakening housing market.
He described an atmosphere of near panic as foreign investors unloaded their bonds to the big banks, which then had to find some way to move these deteriorating assets off their books.
That plan is expected to focus on reducing foreclosures, revising the bank bailout program, and buying or issuing guarantees for the rapidly deteriorating assets that have been discouraging more private investment in the banks.
Similar(45)
Choi Young Il, credit analyst at Standard & Poor's, said the card companies' "deteriorating asset quality is unlikely to be resolved quickly".
These banks remain able to raise capital despite continued struggles with rising loan losses and deteriorating asset values.
Several analysts lowered their assessment of the thrift after Moody's Investors Service lowered Washington Mutual to below investment-grade status due to "reduced financial flexibility, deteriorating asset quality and expected franchise erosion".
The stock had fallen earlier Friday after several analysts lowered their ratings of the thrift after Moody's Investors Service lowered Washington Mutual to below investment-grade status due to "reduced financial flexibility, deteriorating asset quality and expected franchise erosion".
But its shares tanked later in the day after Moodys Investors Service placed bond insurers MBIA and Ambac under review due to concerns about deteriorating asset portfolios, weak financial positions made worse by falling stock prices and their inability to raise additional capital.
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