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| | | ... commercial paper, and other assets from Wall Street. Those purchases, by the way, led to some nice profits for the Wall Street banks and dealers who sold them to you, and the G.S.E. purchases seem to be illegal since the Federal Reserve Act only allows ... |
| | | | ... TBL said, "This would put an end to bank employed planners with limited bank products [on their product lists]. Will the banks lobby strongly against this?" "In summary, the Ripoll Inquiry's recommendations are very short on reasoning and detail and ... |
| | | | ... nonplussed by a huge fall on the Abu Dhabi bourse on Monday, given Australian companies exposed to Dubai - construction firms and banks - had said they were not materially affected by the Dubai World debt debacle. "Our market is quite immune to the whole ... |
| | | | ... rebound as we expected it would," Ms Saly said. "There are hopes Dubai's debt problems will be contained. "All our major banks have come out saying they have no exposure, so they are certainly leading the rebound today." Ms Saly said National Australia ... |
| | | | ... room and time enough for the UAE central bank to reassure the world that it would stand behind Dubai's local and foreign banks. Another crisis averted perhaps, but in my mind this latest scare underscores five things: 1. Unsustainable debt is simply ... |
| | | | ... have and whose debts these are. "Right now, we all have to look at how the Dubai government gets out of it and whether the banks will help them out." The major banks all were down by more than three per cent. Commonwealth Bank fell $1.65, or 3.15 per ... |
| | | | ... 205." Wall Street is closed giving thanks so we still have to wait when its celebrants return. But the sharp falls among banks - particularly those with direct exposure to Dubai - indicates that things could get nasty. Is this what China, Hong Kong ... |
| | | | ... IMF - is offering to buy the 201.3 tonnes remaining in the IMF's coffers. But with the US dollar in decline, other central banks are looking to increase their reserves too. Think China. Think Japan. Think Russia. And all other central banks which are ... |
| | | | ... worked in Asia, Europe, Latin America and the Middle East and has held a number of executive roles in Islamic and Asian banks. The firm provides audit, internal audit, tax and consulting services for Islamic institutions. Deloitte also advises clients ... |
| | | | ... fees. Demand and supply, remember? Gold has come a long way from being an unloved asset. In the late 1990s, world central banks were even asked - nay, begged - to stop unloading their gold holdings to prevent the price from collapsing. Central banks ... |
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