Ajarn Forum - Living and Teaching In Thailand - View Single Post

Om Bak · 14th November 2007, 10:35

For those holding ANZ.

ANZ has sought to reassure nervous customers of its online brokerage arm Etrade that there are no links to the sub-prime-related woes plaguing the US company of the same name.

Some Australian customers began to panic yesterday after the New-York based Etrade Financial Group revealed it would book "significant writedowns" this quarter for asset-backed securities on the back of credit market concerns in the US.

ANZ's Etrade unit has 'no links' to US firm | The Australian

14th November 2007, 10:35	#55 (permalink)
Om Bak Om Bak is..... Regular User Join Date: Dec 2005 Location: On the Hong Nam Posts: 918 vCash: 500 Rep Power: 97	Re: Trader’s thread For those holding ANZ. ANZ has sought to reassure nervous customers of its online brokerage arm Etrade that there are no links to the sub-prime-related woes plaguing the US company of the same name. Some Australian customers began to panic yesterday after the New-York based Etrade Financial Group revealed it would book "significant writedowns" this quarter for asset-backed securities on the back of credit market concerns in the US. ANZ's Etrade unit has 'no links' to US firm \| The Australian __________________ All advice is to be taken with a grain of salt, a dash of pepper and grilled with medium heat.