Foreclosures are way up from a year ago, and that's meant mounting losses for Wall Street firms.
Tokyo-listed shares of Citigroup Inc. dropped 7.5%, tracking the bank's overnight losses on Wall Street after its earnings disappointed U.S. investors on Tuesday.
Despite their exposure to losses, Wall Street firms may end up on top when the dust settles by being able to snap up loan portfolios at a steep discount.
Either growth begins to slow, or you run out of capital to continue to fund losses, or Wall Street cries uncle and asks to see profitability.
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You suggest that we would instead be better off repealing Dodd-Frank, returning to a world where taxpayers bail out failing financial firms, predatory lenders and unscrupulous brokers prey on vulnerable homeowners, the public absorbs losses because of Wall Street's risky behaviour, and regulators are left in the dark, unable to prevent another global financial meltdown.
The losses followed weak from Wall Street Monday, when U.S. stocks hit their lowest levels in a month, as investors returning from a long weekend got their first chance to react to Friday's jobs report.
The subprime mortgage meltdown and Wall Street's losses on mortgage-related derivatives have become personal.
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The results mark a full year of massive quarterly losses and revenue declines that miss Wall Street estimates since J.
If they had, Wall Street's losses would have been far worse.
In 2001 Wall Street's losses had scant impact on consumption.
On January 5th rumours swept Wall Street that derivatives losses had brought Bank of America low, and that the interest-rate cut had been intended to keep this bank alive.
It's going to - it takes a while for job losses to sort of - on Wall Street to get felt by everyone else because Wall Streeters, when they lose their job, tend to get nice severance packages.
Some goods news though: Wall Street expected greater revenue losses with EPS closer to 20 cents.
Wall Street closed with mild losses Thursday, one day ahead of the key U.S. jobs data for April.
That's bound to disappoint Wall Street, reeling from losses linked to holdings of credit derivatives and mortgage securities.
Nevertheless, Wall Street's collective losses from the IPO, and the blow it dealt to investors' confidence, have colored the perception of Nasdaq's potential costs.
The big boys victimized by the whales of Wall Street can often absorb their losses.
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The sweeping economic losses from subways, electricity, hospitals and Wall Street being shuttered by Sandy will be felt for years to come.
When the Wall Street Journal first reported the losses, at least one CIO executive dismissed it, saying it was "based on an inaccurate market perception that the portfolio was unhedged, " or not protected against loss, according to the board.
With Wall Street's players taking major losses, pink slips are expected to fall.
It seems Wall Street, long inured to Web losses, suddenly cares about profits.
Although the largest banks on Wall Street were the first to incur losses from housing-related securities that went south, other smaller banks are not immune.
After 10 consecutive quarters of losses for the company, Sycamore on Thursday surprised Wall Street when it reported a small profit of about half a million dollars for its fiscal fourth quarter.
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Investors trimmed some of Tuesday's intraday losses in the final minutes of trading after The Wall Street Journal reported that the Federal Reserve is moving closer to taking additional action to boost the economy.
Just nine months earlier, Cayne was on the bridge circuit when two Bear Stearns hedge funds collapsed from significant losses on subprime mortgage securities, igniting the crisis on Wall Street.
Its Wall Street brethren were also enjoying some relief from recent losses to varying degrees.
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One of Wall Street's worst weeks on record ended with more losses Friday amid signs that last week's deadly terrorist attacks took a big economic toll.
Canadian shares added to recent losses on Friday, while major markets in Latin America were quiet as Wall Street took the day off for the Independence Day holiday.
Wall Street did an about-face Tuesday, shedding opening losses in favor of modest gains on news of a draft agreement on a deal between Greek officials and European officials.
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