We have updated our Terms of Use.
Please read our new Privacy Statement before continuing.

Pawn brokerage

11 March 2008

Its plan to swap $200bn of Treasuries for mortgage securities will help stabilise that market though not in time to salvage most brokers firstquarter earnings. But it now needs to manage expectations so it isn t seen as Wall Street s lender of first, rather than last, resort.

This content is for Subscribers only


Email a friend

Please complete the form below.

Required fields *


(Separate multiple email addresses with commas)