The crunch of accreditation and the sharp loss of confidence since the failure of Lehman Brothers a fortnight ago exactly four victims in the European financial sector over the weekend and other major U.S. cash. In the latest of a series of stunning saves, the Government of Belgium and the regional operations in that country are reported to accosentiree to save the bank Dexia, a financial group of Franco-Belgian. Dexia has a large market of funds in Australia.There 's no sign of cost so far, but local media said it could be high as 7 billion euros, or close to $ A12 billion. It came 24 hours after the government of Belgium has been involved in the rescue of Fortis, which also has operations here. That will cost 11 billion Euros for the Belgian government, the Dutch and Luxembourg. Fortis, the giant Dutch-Belgian was sidelined, the Hypo Real Estate, a major provider of German property was also saved by the emergency fund from competitors and Bradford and Bingley in the UK were nationalized after the parties were liquidated. The Icelandic government has taken the direction of Glitnir, the country 'largest bank s third – who was espanta via the short-term loans, fixing outside the largest fall in the country' s stock market values in its history and forcing the company's investment securities linked to Great Britain in management. That was the bankl 'largest shareholder s and its failure threatened other companies that had shareholders. And as the debate in Congress explained, Wachovia, the sixth-largest United States? s? the country was saved from Citigroup, with the U.S. government take a stake $ US12 one billion bank? s? the largest in the country. The German government loans of Hypo Real Estate of a cost? incredible ¬ â 35billion, or about $ US55 billion. Central banks, the main federation showed the most trading liquidity around midnight last night, our time. In total $ US330 one billion in trade was done with the major central banks to boost the amount in question as Lehman Brothers has failed to a massive $ US630 billion. The federation has also amplified the international system on domestic financing of the United States called the Term Auction facility to its banking system, increasing the amount to $ US75 billion for each auction and revealing a total $ US350 billion in special auctions in November.Australia ' s the RBA has done an exchange of the dollar of U.S. $ US20 billion over the federation that the exchange made $ US10 one billion last week. All new exchanges are timed to end next March while searching for central banks to calm markets and provide enough liquidity to handle the end of the quarter (today) and then the end of the year. Â Fortis was the biggest shock, a mystery as the The Financial Times has put this morning. A financial group apparently healthy without problems preclude a real confidence, abundance of goods and cash, but suddenly weak. And the worrying thing about these failures was near the speed from which they emerged: the clearing of? s? ita of the post of crunch accreditation failure of Lehman step is the meeting around the world and to move towards the open sea by the United States where the focus was. Saving Fortis has seen a horrible word revealing: 'multinationalised' which means a company recognized for more than a national government. Given the sense that the crisis is going accreditation, it could very well become a word we hear more of. He snapped up yesterday to describe the feeling that Fortis was likely saved from collapse by a trio of European governments that have been associated with a movement of the border put it in rare bail out. Belgium, the Netherlands and Luxembourg are bringing 11.2 billion euros ($ US16.3 billion) to save Fortis, which late last week was feared to be on board dell'insolvibilità following large write-downs accreditation-related and the sale of major group 's parts, even if the sale is prohibited shortage of government? s? Holland.Each of the country and Belgium will take the equal-sized stakes in the bank? of? Fortis to that country in particular: Belgium will acquire a 49% stake in Belgian unit of the bank? s? of Fortis for 4.7 billion euros (or $ US6.8 billion) and the Netherlands buy a similar pile-tiered banking in the Netherlands? s? of Fortis for 4 billion euros ($ US5.8 billion). The smallest Luxembourg is extending a loan of 2.5 billion euros ($ US3.6 billion) that can be converted into interest of 49% in trading activities of the bank? of? of Fortis in that very small country. And, under the loans, Fortis will have to liquidate the shares of ABN Amro, which bought last year in a bid by RBS of the joint UK and Santander of Triumvirate of Spain.That was the antithesis of the movement by the three governments Fortis store, which would not have ever found in this position, was made to withdraw dall'avventura ABN when the crunch accreditation began. Similarly, RBS was forced to sell assets, raise new capital and cutting costs because of a combination of subprime losses and the cost of financing on the part of ABN, which remains unfinished.RBS has risen above $ US30 billion and it now seems that a buyer for the portion of the assets of Fortis ABN should be found.RBS does not have the means and he Santander helped just a few months ago rescuing depositors in mortgage banker Bradford and Bingley after ' Alliance and Leicester purchase, including the United Kingdom. Also is responding to a crunch in the property market of Spain.So Fortis could not be wood again, unless a government wants to buy the assets of ABN (highly unlikely). Fortis is so far the largest European crunch drag down the accreditation. The loans will damage Fortis' largest shareholder of Ping? s? Chinaâ of insurance that owns a stake of 5%. The Chinese group has helped more Fortis earlier this year by buying 50% of the market for funds to Fortis. Take a ping will be diluted and says that now will complete its plans for quell'aquisizione of the one billion-dollar part of Fortis' trade with the management of assets. Take a Ping paid a $ US2.7 billion for 4.2% of Fortis in 2007 and has increased its interest to 5% in March.Ping shares are down 18% from last Thursday when news of Fortis' problems have flared up without much as in Europe, warning the night before. Were down 9% yesterday in Hong Kong. Fortis sent a decline in second-quarter profit of 49% due to write-downs accreditation-related, which have cut earnings by 918 million euros ($ US1.3 billion) in the first half. Fortis had suspended its dividend in half-year and had planned to sell shares to recapitalise. But that wasn 't enough. In the UK, Santander is now busy selecting what has been dismembered hours of Bradford and Bingley, who was once the eighth largest mortgage bank in UK.Santander assume the leadership of the $ A44 billion in deposits and trade network branch of B &; B. It paid $ US1.1 billion for the assets and 197 branches. B & B 's $ A110 billion in mortgages and loans were nationalized. Santander already owns the abbey and recently bought & alliance; Mortgages and loans will be made Leicester.The with those from Northern Rock nationalized. That will mean that the U.S. government posséder well above $ A330 billion in unwanted mortgages and loans from two failed previous building companies. The B & B assets are concentrated in buy – and leave the so-called low document mortgages, rates that have given rise in arrears, even more evil Nordic rock. In recent years was a major funder of the space's finances for homes and apartments in Britain.B & B 'the share of s descended. A year ago the course of action was around $ A6.60 but had fallen to around 45c the A. It 's known whether the shares have value. The shareholders of Nordic rock that still held above have no idea if their sides want to have any value. The bank will be nationalized using special legislation the Treasury Department put through when he took earlier this year in the Northern Rock public ownership. In Germany, keeping the Hypo Real Estate, the country 'second largest provider of commercial property-s, discard its 2008 dividend after the insurance multi-billion-euro' 'credit facilities to save them from 'agitation on financial markets.35 one billion euros, a large number of staggeringly mind, are the size of the loans, Sollevante questions as to just how action lle German government bond could get them first so wrong. The extent of the loan lending by a group of real estate bank (organized by the government) of Hypo German media will drastically reduce the value of the goodwill of its stake in Depfa Bank, which is based on Ireland.That mean the omission dividend. Hypo 's problems were in hand for the meeting but have emerged over the weekend in which the German Web site of The Financial Times has reported that it was on the edge of collapse and had need of some cash urgently. "The new facility Credit is a broad and innovative method that allows us keep our funding structure to accommodate operate incorrectly aware of the international money markets, '' the principal executive Georg Funke was quoted as saying in the statement. "The Group of the Hypo Real Estate will not go back to the money market is not guaranteed for its repayment in the future. 'predictable,' The company reported second as borrowing was shot in the wholesale markets to provide length through the bank Depfa for commercial properties, among others. The accreditation crunch has cut the source of real estate didn 'of fundingHypo; the name of your service or says how much money he collected. That figure came from government sources and it was so far one of the largest sums for a specific financial group. Around $ A55 billion. The Hypo has three financial products at fixed interest listed on the ASX here (one a floating rate note and two with the good specified). The company had taken part in talks with the bank, in response to extremely provocative words on the international money markets following the collapse of Lehman Brothers and other market disruptions. ' 'The German lender was spun off from HVB Group in 2003. He shook with the unexpected write-downs on collateralized debt obligations in January that has seen the parties to immerse the property 35%. Hypo said last month that second
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