C » Topics » Current levels of market volatility are unprecedented.

This excerpt taken from the C 8-K filed Sep 30, 2008.

Current levels of market volatility are unprecedented.

 

The capital and credit markets have been experiencing volatility and disruption for more than 12 months. In recent weeks, the volatility and disruption has reached unprecedented levels. In some cases, the markets have produced downward pressure on stock prices and credit capacity for certain issuers without regard to those issuers’ underlying financial strength. If current levels of market disruption and volatility continue or worsen, there can be no assurance that we will not experience an adverse effect, which may be material, on our ability to access capital and on our business, financial condition and results of operations.

 

"Current levels of market volatility are unprecedented." elsewhere:

SunTrust Banks (STI)
Oppenheimer Holdings (OPY)
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