CHESSNOID

This shouldn’t be a surprise but it is to me. Washington Mutual is warning of its losses and cutting its dividend. This is the largest thrift and loan in the US and a local business in the area I live in. On top of that they are starting their layoffs early and announced [...]

Another European bank has announced that it will have to write down another $10 billion due to the subprime market in the US. This is the first time I have heard about this bank in the news. It is definitely a lot of money and even a bigger surprise for its investors considering they [...]