with Oli | Strategies

Posts Tagged ‘Fitch’

Down rallye accelerates into H1 end …

Donnerstag, Juni 26th, 2008

Nice downrally today as many investors abondaned equity positions ahead of H1 end.
2 pieces made all run for cover …
1. Goldman Sachs recommends to SHORT Citibank and Merill because of MORE WRITE OFFS …
2. Rating agency Fitch sees a possible cash crunch in 2009 for GM and Chrysler … even rumours of an immediate filing […]

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Now … Fitch … on UK banks …

Dienstag, Juni 3rd, 2008

As today morning Sky News reported … UK is at the brink of recession …
and construction activity in the UK fell at FASTEST rate on record …
Fitch sees more negative rating actions for UK banks … 2008 to be challenging year.
They see:
- a number of pressure points continue to build for major UK banks
- […]

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