STOCKWATCH European banks rocked by Bear Stearns bail-out UPDATE

bear stearn

LONDON, Mar 17, 2008 (Thomson Financial via COMTEX) –DB | news |PowerRating | PR Charts — European banking stocks tumbled in morning deals, as news JP Morgan has bought beleaguered US peer Bear Stearns sparked concerns about the likely impact in Europe, with Swiss Bank UBS one of the worst hit, but with no bank seen as safe.
At 9.52 am, Societe Generale shares were down 5.98 eur, or 8.65 pct, at 62.8 eur, Deutsche Bank shares were down 4.3 eur, or 6.14 pct, at 65.72 eur and UBS shares were down 3.02 sfr, or 10.69 pct, at 25.44 sfr and Credit Suisse was down 3.82 sfr, or 7.61 pct, at 45.66 sfr.
“A flood of liquidity-orientated proposals by the Federal Reserve and the US government in the last seven days, culminating in the rescue of Bear Stearns (BSC) are unlikely to mark the end to the turbulence in the financial markets,” said Keefe, Bruyette Woods, in a note.
“While not wishing to lose sight of long-term fundamentals, we would remain cautious on the European investment banks in the present environment,” it added.
Raymond James analysts were more explicit about the risks.

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This entry was posted on Monday, March 17th, 2008 at 12:25 pm and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

14 Responses to “STOCKWATCH European banks rocked by Bear Stearns bail-out UPDATE”

  1. Reynold says on March 17th, 2008 at 1:36 pm :

    A fair criticism, but not entirely true.I find Kino works just fine.

  2. Bryanna says on March 17th, 2008 at 2:26 pm :

    Is this where i talk to Mr. Apple?

  3. Danni says on March 17th, 2008 at 3:17 pm :

    Yeah, well, until you try to code for it, at least.

  4. Lux says on March 17th, 2008 at 4:07 pm :

    You can even use MPEG-4 files with old Apple QuickTime utilities like Dumpster. That said, MPEG-4 requires some atoms that QuickTime doesn't.The more important difference is that QuickTime comes with a lot of codecs that most MPEG-4 implementations aren’t guaranteed (or even likely) to support. For example, the old Animation (aka RLE aka Road Pizza) codec works on every version of QuickTime, but won’t play on an iPhone or iPod touch.

  5. Babs says on March 17th, 2008 at 4:58 pm :

    WHERE ARE THE APPLE FANBOYS NOW?

  6. Lagina says on March 17th, 2008 at 5:48 pm :

    QuickTime Framework != QuickTime Player

  7. Ora says on March 17th, 2008 at 6:39 pm :

    Profile everyone who posts about their PC on the internet:”I built my own PC out of beach sand and spit. I installed a video card I crapped out of my ass. I run a variant of Linux I wrote myself, with a webserver, an SMTP host, a Quake server, and Cappucino maker on the back. It’s been running nonstop since 1963, and it’s never crashed, hung, frozen, or gotten a virus.”

  8. Digby says on March 17th, 2008 at 7:30 pm :

    God Hates DRM!

  9. Ned says on March 17th, 2008 at 8:20 pm :

    I assume you mean that you’ve never used the application called “Quicktime Player.” Quicktime itself is used all over the place.

  10. Sherlock says on March 17th, 2008 at 9:11 pm :

    QuickTime is part of OS X.

  11. Kayleah says on March 17th, 2008 at 10:01 pm :

    Solution: use Windows media and all your problems will just melt away…

  12. Bea says on March 17th, 2008 at 10:52 pm :

    Yeah, it really hurts whenever someone puts a fake headline onto reddit.

  13. Archibald says on March 17th, 2008 at 11:42 pm :

    I’m pretty sure you can’t do rendering with VLC.HINT: “QuickTime” is not a player.