Investing Toxic Assets

  • Is oil the only asset spooking investors?

    As plummeting oil prices hit markets, Carter Worth, chief market technician at Sterne Agee, discusses whether it's just oil that's spooking investors.

  • UBS headquarters in Zurich, Switzerland.

    UBS’s $2 billion rogue trading loss highlights the need for a pan-bank risk management body, Don Tapscott, author of ‘Wikinomics: how mass collaboration changes everything’ and chairman of nGenera Insight think tank, told CNBC.

  • Goldman Sachs CEO Lloyd Blankfein

    Goldman Sachs CEO Lloyd Blankfein and other top executives at the firm may not have understood the positions they were taking in the mortgage market, according to a report released today by the Senate Investigations subcommittee.

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    Earlier this week Simon Derrick at Bank of New York Mellon drew comparisons between 2011 and 2008 and found similarities such as high oil, rising euro zone rates and bailouts (of banks in 2008, countries in 2011).

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    It turns out that nuclear waste has more in common with the financial world than being a metaphor for the worst of its toxic assets.

  • The fact that the private sector is “transacting” in toxic assets now shows a return of confidence to the market, Neel Kashkari, Pimco managing director and head of new investment initiatives, told CNBC Monday.

  • Uncle Sam and money

    Toxic assets the government bought during the bailouts of American International Group and Bear Stearns are finally gaining value, the Federal Reserve Bank of New York said Thursday.

  • A law to ban naked short selling in Germany will come into force on Tuesday after having been approved by the parliament earlier this month.

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    US financial companies still have more than a $1 trillion on their balance sheets, but analysts say they are unlike to stem the recent rally in financials.

  • The bulls' time has run out as investors start to realize the global economy has a structural problem after bad news such as Societe Generale's profit warning and Friday's US jobs data, David Bloom, head of foreign exchange strategy at HSBC, told CNBC Wednesday.

  • Out here in Germany the debate about bad banks is heating up. Is our model actually working? Is the shifting of toxic assets from banks’ balance sheets into as specially created bad banks, the right answer to stabilize the financial system?

  • Wilbur Ross

    Investor Wilbur Ross said he has $700 million ready to invest in a mortgage-backed securities offering through the government's Public-Private Investment Program.

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    Goldman Sachs raised British bank Lloyds Banking Group to "buy" from "neutral," adding it to its conviction buy list, the bank said in a research note quoted by Reuters. Lloyds shared have topped the FTSE index Monday, rising nearly 7%.

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    New regulations for the financial sector risk deepening the recession, as they will amplify the shortage of capital, banking analyst Dick Bove told CNBC Thursday.

  • President Obama is about to learn the unpleasant risks of trying to please most all of the people all of the time.

  • European credit spreads edged wider and gilts and bunds prices tumbled Thursday, after the US Treasury's 'sloppy' auction which reinforced investors' expectations that the Federal Reserve will have to raise rates sooner rather than later.

  • The recent speculation that the Federal Reserve may be forced to raise rates sooner because of a faster-than-expected improvement in the economic outlook is baseless, and the dollar can only go down, Steven Nigg, CEO of SWISS E TRADE, told CNBC Wednesday.

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    The Obama administration's attempts to fight the financial crisis with more cash is like treating a bad tooth with Novocain instead of a root canal, Nassim Taleb, author of "The Black Swan," told CNBC Wednesday.

  • European banks still have upside potential despite the recent rally, as the worst is over for the continent's financial institutions, analysts at financial services investment bank KBW, who upgraded the European banking sector to 'Overweight', said Monday.

  • A daunting litany of ills imperils U.S. banks, from toxic assets to rising loan defaults. After the irritating spectacle that played out in Washington yesterday, we can add a new threat: the Congressional Oversight Panel tracking TARP.