[ Eutectique ] : La Tectonique des vagues

[isobar]

Citation de : Eutectique (au 21-09-2011 22:53:57)




et la virgule, je la met où ?

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"t'occupes pas, pour l'instant continue à faire les zéros.
Fais en le maximum et surtout, écris très petit"

[isobar]

Moody's chops ratings on major US banks
September 22, 2011 - 6:26AM
Moody's chopped its credit ratings for three of the top US banks -- Bank of America, Wells Fargo and Citigroup -- saying it saw the US government less willing than before to rescue them if they become unstable.

Moody's said it believed that the US commitment to save "systemically important" banks had diminished since the 2008-2009 crisis when the government extended hundreds of billions of dollars to financial institutions to keep the banking system from collapse.

It cited the enactment of the Dodd-Frank Act, a sweeping package of financial system reforms, which "demonstrates clear intent" to let bondholders of a big bank take losses if it is close to collapse.

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"Moody's believes that the government is likely to continue to provide some level of support to systemically important financial institutions," it explained in its statements on Bank of America and Wells Fargo.

"However, it is also more likely now than during the financial crisis to allow a large bank to fail should it become financially troubled, as the risks of contagion become less acute."

Bank of America, the country's largest bank by deposits, came in for the strongest ratings cuts, two steps -- to Baa1 from A2 -- on its more crucial long-term rating.

Wells Fargo fell to A2 from A1 on its long-term debt. Citigroup came off more lightly, seeing only its short-term rating dropped to Prime-2 from Prime-1.

Moody's said the drop in the risk of contagion -- that one failing bank would bring others down with it -- had lessened since the crisis, allowing the government to move away from an implicit blanket bailout stance for big banks.

"Now, having moved beyond the depths of the crisis, Moody's believes there is an increased possibility that the government might allow a large financial institution to fail, taking the view that contagion could be limited."

The harsher judgment on Bank of America did not suggest its credit quality was weakening, Moody's said.

The bank had made "significant progress" in boosting its capital strength and liquidity, citing its recent sales of large non-core assets and its improved management of risk.

But such moves have not been adequate to improve its overall rating, nor have they been enough to offset Moody's perception that the government's implied backing of systemically crucial banks had diminished, it said.

"This is due in large part to the risks that continue to be presented by the bank's exposures in its mortgage business," Moody's added.

That was a reference to the bank's troubles -- including huge lawsuits -- mainly from its purchase of Countrywide Financial, which during the US housing boom wrote hundreds of thousands of allegedly questionable and fraudulent home loans.

Bank of America objected to the downgrade, saying it was based on external factors.

"We disagree with their conclusions and we believe our ratings should be higher," it said in a statement.

Nevertheless, it said, "to minimize any potential impact of this decision on our business, we have been managing our liquidity carefully and we have prefunded our planned borrowing needs for the year."

Wells Fargo downplayed it as simply reflecting a change in Moody's own assumptions about the impact of the Dodd-Frank legislation.

BofA shares were down 2.9 per cent, Citi shed 0.4 per cent and Wells Fargo was unchanged in late New York trading.

AFP



Read more: http://www.brisbanetimes.com.au/business/world-bus...

[Eutectique]

rebond or not rebond ?

[Eutectique]

[kimjo]

Bonjour la file, stats du jour

[Eutectique]

[egros]

Bonjour Eutec et la file,

22/09 - 08:25 CAC 40: début de séance attendu dans le rouge.
(CercleFinance.com) - La Bourse de Paris devrait débuter en net repli jeudi matin après un brusque retournement des indices américains hier en dernière partie de séance.

A quelques minutes de l'ouverture, le contrat futur sur l'indice CAC 40 accuse une perte théorique de l'ordre de 80 points.

Comme prévu, la Fed a dévoilé hier soir un programme visant vendre sur le marché des obligations à court terme pour racheter des titres à plus long terme, de façon à aplanir la courbe des taux.

Les investisseurs semblent s'être aperçus hier qu'il s'agissait d'une opération purement technique générant peu d'impact sur la liquidité des banques et avec peu d'effets mécaniques sur l'économie réelle.

Ils se sont également alarmés du tableau économique peu engageant dressé par Ben Bernanke et ses collaborateurs.

'Il y a des risques baissiers significatifs sur les perspectives économiques, y compris les contraintes s'exerçant sur les marchés financiers internationaux', a souligné la Fed dans son communiqué.

En fin de séance, le Dow Jones reculait de 2,5% et le Nasdaq Composite de 2%.

'Il est clair qu'un ton aussi prudent ne va rien faire pour aider les marchés et avec le peu de fondamentaux prévus durant cette séance de jeudi, on peut encore s'attendre à ce que le sentiment des investisseurs reste la clé des échanges, ce qui laisse augurer encore pas mal de baisse', prédit Cameron Peacock, chez IG Markets.

La correction s'est poursuivie en Asie ce matin, avec un décrochage de plus de 2% à Tokyo.

Copyright (c) 2011 CercleFinance.com. Tous droits réservés.

[Space]

Bonjour.......

?????

[db2000]

Bonjour,

si on remonte avant 2820

[db2000]

Conseil de Gambler : ne pas oublier mes anciens graphes

Citation de : db2000 (au 18-09-2011 00:13:08)

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[tommy99h]

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[db2000]

stop pour moi , trop bavard

[888zzz]

Bonjour...

Puisque tout le monde met son grain de sel !


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[Space]

cac cash

[squash]

S&P Flag ou triangle, perso triangle

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