News round-up: 30 Jul 2008

| 30 July 2008 00:00

Bank losses shame disgruntled Swiss – BBC News

Starbucks cuts 1,000 jobs, COO post and retreats from Australia – National Post

Santander revenues rise 16% – FT

Australia faces worse crisis than America – Ambrose Evans-Pritchard, Telegraph

Banks pressed to follow Merrill debt sale – FT (Citigroup and UBS face the same as Merrill)

Merrill Sells $8.55 Billion of Stock, Unloads CDOs – Bloomberg

Argentina’s Fernandez Popularity Falls to Record Low – Bloomberg

New Zealand’s Guardian Mortgage Fund Suspends Withdrawals – Bloomberg

avatar About Edward Harrison

Edward Harrison is the founder of Credit Writedowns and a former career diplomat, investment banker and technology executive with over twenty years of business experience. He is also a regular economic and financial commentator on BBC World News, CNBC Television, Business News Network, CBC, Fox Television and RT Television. He speaks six languages, a skill he uses to provide a more global perspective. Edward holds an MBA in Finance from Columbia University and a BA in Economics from Dartmouth College.

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