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Market Update : 
World Markets On Decline, WaMu to Raise $7 B
Author: 123jump.com Staff
123jump.com
Last Update: 4:44 PM EDT April 08 2008


Global markets were on the decline after the IMF quarterly report estimated $1 trillion in U.S. loan related losses. The estimate put investors on the defensive and urged banks and world financial regualtors to act quickly to improve health of lenders. Separately, Washington Mutual announced a plan to raise $7 billion, including $2 billion from a private equity group TPG Capital led investors. Home builders declined sharply. Coal and other mineral miners surged.

 

 

 

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