Archive - Nov 8, 2011 - Blog entry
ViSuaL CoMBaT DaiLY NoVeMBeR 9, 2011: (Y YOU NO BUNGA?)
Submitted by williambanzai7 on 11/08/2011 12:20 -0500We have lots of news to cover here today so: PUT YOUR COFFEE AWAY NOW!
Bond dumping and Berlusconi
Submitted by Pivotfarm on 11/08/2011 08:18 -0500BNP Paribas SA and Commerzbank AG (CBK) are unloading sovereign bonds at a loss, leading European lenders in a government-debt flight that threatens to exacerbate the region’s crisis.
BNP Paribas, France’s biggest bank, booked a loss of 812 million euros ($1 billion) in the past four months from reducing its holdings of European sovereign debt, while Commerzbank took losses as it cut its Greek, Irish, Italian, Portuguese and Spanish bonds by 22 percent to 13 billion euros this year.
