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Tuesday Headlines: Banks bet big on subprime card borrowers
By Matt Stichnoth,
Bloomberg: Banks’ Bet on Subprime Consumers Sends Credit-Card Balances to a Record
New York Post: Confidence in US housing market hits lowest on record: Fannie Mae
Wall Street Journal: Top Office Developers Hit the Pause Button on New Projects
New York Times: Why Wall Street Loves Gridlock in Washington
Bloomberg: Wall Street’s Alchemists Turbocharged Wild Swings in Treasuries
Financial Times: Carlyle blames market volatility as fundraising slows to $6bn
Bloomberg: Credit Suisse Spinoff Asks If World Needs a New Investment Bank
Financial Times: UBS chief risk officer quits to become professional photographer