Credit Crunch Gnaws At Heidelberger
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World's biggest printing machine maker lowers its outlook as reduced advertising budgets spell weaker demand.
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The deal to build a convention center hotel, long plagued by squabbles over its location and who would pay for it, is now in serious jeopardy of collapsing under the weight of the nation's credit crunch.
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German consumer confidence has fallen, hit by concerns over the global credit crisis and higher food prices.
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Now seems a peculiar time for shareholders to suspend their disbelief about the full impact the continuing credit crisis might have on financial services stocks.
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Hopes for double-digit earnings growth in 2008 have all but evaporated as the credit market turmoil is expected to exert more pressure on financial services companies.
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Clouds continued to gather over the German economy on Monday, as the Bundesbank estimated that the modest recovery of the eurozone's biggest economy already appears to be running out steam.
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Prepare for an odd kind of financial disaster.
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Higher interest rates for bank depositors are stressing local and regional banks.
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Despite a bad quarter, the bank is shrewdly planning for the future.
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America&#39;s biggest mortgage lender was thrown into turmoil yesterday when the industry watchdog accused it of having major accounting problems and doubted the &quot;soundness&quot; of the company.
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Take your eye off the ball, and credit card debt can skyrocket.
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Troubles in mortgageland may get worse before they get better, especially for subprime borrowers, whose spotty credit histories put them into more costly loans.
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Troubling news for cash-strapped Lotharios, particularly in Germany.
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German business confidence is tumbling amid mounting fears about the impact of the euro&#39;s rise against the dollar, according to the closely-watched Ifo economic institute survey.
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Commerzbank  saw its bill from the subprime crisis creep up towards 800 million euros ($1.2 billion) in 2007 but still managed a record net profit for the year as bad debt provisions fell.
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Troubles in mortgageland may get worse before they get better, especially for the so-called "subprime" borrowers whose spotty credit histories put them into more costly loans.
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Swiss bank UBSâs string of stinging financial disclosures is symptomatic of how the subprime drama has unfolded in Europe and is stoking fears of more shocks to come.