AP - Mizuho, Japan's No. 2 banking group, took a beating from U.S. subprime credit problems, reporting Thursday a 50 percent drop in profit for the fiscal year.
AP - Credit Agricole said Thursday it plans to sell $7.72 billion worth of assets and named a new leader at its investment bank. The French bank, shaken by the global credit crisis, will also seek $9.1 billion in new capital. -- read full article
Reuters - Friedman Billings Ramsey said Freddie Mac
will not realize meaningful earnings growth until 2012,
at the earliest, and that the $5.5 billion capital raise it
announced Wednesday will not be enough.
AFP - Europe's main stock markets diverged on Thursday as companies published mixed earnings news, and after share-price gains in Tokyo and overnight on Wall Street, dealers said.
