Earnings
Wachovia Has Record $8.9 Billion Loss, Cuts Dividend – Bloomberg
KeyCorp Posts First Loss Since 2001 After Tax Case – Bloomberg
Fifth Third Reports $202 Million Loss on Higher Loan Defaults – Bloomberg
SunTrust Profit Declines as Borrowers Fall Behind – Bloomberg
Regions Cuts Dividend as Profit Falls on Missed Loans – Bloomberg
Finance
Fannie, Freddie May Record More Losses, Ofheo Says – Bloomberg
Bank Sues Analyst for Defamation – NY Times
Wachovia ends wholesale mortgages – BBC News
IKB in new sub-prime write downs – BBC News
Anemic HBOS Offering May Hurt Other Banks – NY Times
FDIC, Subprime Lender? – Housing Wire
American Express Declines as Earnings Fall Short of Estimates – Bloomberg
Emerging Markets
Inflation ‘to hit Asian growth’ – BBC News
Argentina renationalises airline – BBC News
Vietnam ups petrol prices by 31% – BBC News
Europe
Italian Consumer Confidence Plunges to 15-Year Low – Bloomberg
Politics
Back Obama for commander-in-chief – FT
No U-turn. Obama’s stance on Iraq is chillingly consistent – Guardian
UK
Measures to avoid the worst recession in 30 years – FT
Banks offer glimmer of hope on new mortgages – Times Online
Odds and Ends
British retailer Tesco’s error nearly wreaks relationship – LA Times
‘Wardrobe Malfunction’ fine rejected – WSJ
Spain
El BBVA confía en la apertura de la economía como colchón a la crisis – El País
La crisis provoca un brusco déficit después de tres años de superávit – El País
La UE pedirá 30 millones por hoteles ilegales de Lanzarote – El País
La construcción cayó un 19,1% en Galicia en 2007, según el COAG – El País
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