10/12/2008
Indian banks have $1 bn exposure to five troubled institutions (Business Standard India)
MTM loss notional, small in relation to balance sheets, says RBI. Indian banks through their overseas branches and subsidiaries have a combined exposure of around $1 billion to five troubled institutions — Wachovia, Washington Mutual, AIG, Fortis and Lehman Brothers.
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10/12/2008
Pak Police collecting data on clerics, religious institutions (New Kerala)
Islamabad, Oct 12 : Pakistan Police has launched a massive operation to collect fingerprints, photographs and biometric data of people associated with religious institutions, mosques or jihadi organizations.
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10/12/2008
Official: Singapore financial institutions sound and safe (People's Daily)
A Singapore central bank senior official reassured Singaporeans on Saturday that the city-state's financial institutions "are sound and operating normally." Speaking at the "Money Sense" seminar, Heng Swee Keat, Managing Director of the Monetary Authority of Singapore (MAS) said, one reason is Singapore does not have subprime mortgages that are originated here. "Banks and insurance companies in ...
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10/12/2008
Local financial institutions say they are healthy, strong (ABC12 Mid-Michigan)
In the midst of banks closing and lending tightening, there is some positive news. Local financial institutions say they are healthy and strong.
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10/12/2008
Council of chief economists of multilateral development institutions created (People's Daily)
World Bank Chief Economist Justin Lin announced on Saturday an agreement to create the Council of Chief Economists of Multilateral Development Institutions (CCE). A joint initiative of the chief economists of the World Bank and the International Monetary Fund, the CCE will serve as a forum for intellectual exchange, and for discussing collaborative responses that are adapted to the particular ...
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10/11/2008
U.S. planning to buy equity in financial institutions (Reuters via Yahoo! News)
Treasury Secretary Henry Paulson said on Friday the United States was developing plans to buy equity in financial institutions if necessary to halt market turmoil.
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10/12/2008
Emirates officials say nation's banks are strong (AP via Yahoo! News)
Officials in the United Arab Emirates say the country's financial institutions remain healthy despite growing fears the global credit crisis will hurt the booming Gulf economy.
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10/11/2008
G7: We Won't Let Important Financial Institutions Fail (Fox News)
G7: We Won't Let Important Financial Institutions Fail
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10/11/2008
M'SIA STRONG IN SAFEGUARDING BANKING AND FINANCIAL INSTITUTIONS, SAYS FONG (Bernama via Yahoo! Malaysia News)
KUALA LUMPUR, Oct 11 (Bernama) -- After learning from the tough experiences during the Asian financial crisis in 1997-1998, Malaysia has become stronger in safeguarding its banking and financial institutions, says MCA economic bureau chairman Datuk Seri Fong Chan Onn.
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10/12/2008
Australia to guarantee all bank deposits: PM (AFP via Yahoo! News)
The Australian government will guarantee all deposits held in domestic financial institutions, Prime Minister Kevin Rudd said Sunday, amid the global financial crisis.
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