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Keyword: nonfinancialsector

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  • Credit woes to spread, says PwC chief (to non-financial sector)

    02/06/2008 9:39:54 PM PST · by TigerLikesRooster · 14 replies · 109+ views
    FT ^ | 02/07/08 | Francesco Guerrera in New York and Jennifer Hughes in London
    Credit woes to spread, says PwC chief By Francesco Guerrera in New York and Jennifer Hughes in London Published: February 6 2008 22:01 | Last updated: February 7 2008 00:06 The global credit crisis is set to spread beyond the financial industry as companies in other sectors are forced to write down the value of their investments, according to the head of the largest global audit firm. Samuel DiPiazza, chief executive of PwC, said several US companies had invested in the asset-backed and mortgage-backed securities that caused billions of dollars in losses at Wall Street banks. “It’s not just in...