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CompareCC News Archive Listing for Personal Finance during 2007-03-16.
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Dollar slumps to 3-month low against euro
 
FT.com - The dollar fell to a three-month low against the euro and the Swiss franc on Friday amid concerns that the problems in the US subprime mortgage market could spill over into the wider economy.
Bear Stearns Shrugs Off Subprime Worries
 
BusinessWeek Online - Since Bear Stearns does much of its business in debt markets including mortgage lending, investors have worried about the New York financial services firm during recent weeks as the subprime market melts. But Bear Stearns has a diverse mix of businesses. The company on March 15 posted stronger profits during the three months ended Feb. 28, as its sales improved in other businesses besides mortgages.
Ask the expert: Investment risks
 
FT.com - The recent turbulence in global markets and the woes of the US subprime mortgage market have refocused investors on investment risks. There are few better people to assess those risks than Glenn Reynolds, chief executive and co-founder of CreditSights. Voted the leading independent credit research firm in Europe and the US in 2006, CreditSights assesses the risk of corporate and sovereign debts and advises investors on market strategy and credit products. ...
ALL BUSINESS: Jobs trump subprime woes?
 
AP - The employment outlook isn't generating nearly as many headlines as the subprime mortgage mess, but maybe it should. That's because the job market is in pretty good shape, offering support to the economy when other factors are surely weighing on growth.
Stocks slip on inflation, housing worries
 
Reuters - Stocks dipped on Friday as worries over a possible spread of the crisis in the subprime mortgage market hurt financial and housing stocks and signs of rising inflation dashed hopes for interest rate cuts.
Subprime angst an exit point for stocks
 
AP - Some people might wonder if the angst over problems in the subprime mortgage market is overblown, but that hasn't stopped some investors from using it as a reason to pare their stock portfolios.
Rep Frank targets end of 2007 for lending bill
 
Reuters - The chairman of the U.S. House of Representatives Financial Services Committee said on Friday he is targeting the end of 2007 for passage of a bill to reign in predatory lending like that behind the growing crisis in subprime mortgage market.
Rep. Frank targets lending bill by end 2007
 
Reuters - The chairman of the U.S. House of Representatives Financial Services Committee said on Friday he is targeting the end of 2007 for passage of a bill to curtail predatory lending like that seen behind the widening financial crunch in the subprime mortgage market.
Wall St falls for the week as subprime fears intensify
 
FT.com - Wall Street plumbed new lows for the year this week but stocks recovered as investors regained composure after subprime mortgage scares.
Investment banks endure heavy pressure
 
FT.com - Shares in Europe's leading investment banks came under sustained pressure this week amid mounting concerns about their exposure to the US subprime mortgage market.
Wall St stirred by prospect of Blackstone IPO
 
FT.com - Wall Street plumbed new lows for the year this week but stocks recovered as investors regained composure after subprime mortgage scares.
Sen. Dodd sets subprime hearing for Thursday
 
Reuters - The Senate Banking Committee will hold a hearing on Thursday to look into the crisis in the subprime section of the U.S. mortgage market, said Chairman Christopher Dodd.

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