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Showing 2251 - 2260 of 2576 results for "Treasury"

Sober and sombre

BENJAMIN ONG  |  WEDNESDAY, 15 OCT 2008
... last night's official revelation of the details of America's US$700 billion rescue plan. A joint statement by the US Treasury, the Federal Reserve and the Federal Deposit Insurance Corporation (FDIC) announced that they would spend up to US$250 billion ...

Depression no more?

BENJAMIN ONG  |  TUESDAY, 14 OCT 2008
... central bank will now auction unlimited dollar funds as against their previous capped swap arrangements. Rumours that US Treasury Secretary Henry Paulson is planning to purchase equity directly from financial firms also generated optimism in the financial ...

AIG secures extra A$54bn in liquidity

ALEX DUNNIN  |  FRIDAY, 10 OCT 2008
... also across the financial sector, Edward M Liddy, AIG chairman and chief executive officer, in a letter just written to Treasury Secretary Paulson, said, "we owe our employees and the American public new standards and approaches". "[AIG is] re-evaluating ...

Neuberger Berman pledges money guarantee

RUTH LIEW  |  THURSDAY, 9 OCT 2008
Lehman Brothers subsidiary Neuberger Berman Management has put up its hand to be a part of the US Treasury Temporary Guarantee Program for Money Market Funds. The trustee board of bankrupt Lehman Brothers' asset management arm, along with all other ...

The global recession we have to have

BENJAMIN ONG  |  THURSDAY, 9 OCT 2008
... government bonds provided no shelter. US government bond yields -- from 1 to 30-year maturity - all rose following the Treasury's announcement that it plans to sell more debt to address funding shortages. According to the US Treasury, the problems 'are ...

CBA buys BankWest and St Andrews

MICHAEL HOBBS  |  WEDNESDAY, 8 OCT 2008
... extend to HBOS' other Australian businesses including Capital Finance Australia, BOS International and HBOS' Australian Treasury. Moodys, Fitch and Standard & Poor's confirmed the Commonwealth Banks credit ratings and stable outlook after the purchas ...

Fed on Zero Interest Rate Policy?

BENJAMIN ONG  |  TUESDAY, 7 OCT 2008
... processes seen before the second World War. These kinds of finance-driven downturns were difficult to get out of - as the US Treasury and the Fed have now learnt. Certainly the package will help reliquify banks and other financial institutions, but with ...

UBank brand not quite ready for NAB

WWW.THESHEET.COM  |  FRIDAY, 3 OCT 2008
... bank's new servicing division) as well as funding on commercial terms (through the deposit market or through the NAB treasury) when it's ready to introduce lending products. Greg Sutherland, is executive general manager of Star Direct and marketing while ...

GESB Mutual names board

MICHAEL HOBBS  |  FRIDAY, 3 OCT 2008
... ambitions under the new member owned structure," said Wayne Osborn, GESB Mutual chair. GESB is currently working with State Treasury to complete its transition to GESB Mutual. All appointments will be effective from the transition date. Once completed ...

Putnam hoists money guaranty flag

RUTH LIEW  |  FRIDAY, 3 OCT 2008
Putnam Investments has joined the US Treasury's money market guaranty program in a bid to protect its shareholders' assets. The board of trustees of Putnam Funds authorised the firm's participation in the program late last month. The program provides ...