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Banks always face a year-end scramble for funds. This time it could be worse than ever, with banks already reeling from a series of shocks.
NOMURA, the Japanese bank which has bought part of Lehman Brothers' London operations, is expected to raise new capital following the £1.35bn deal.
Tomorrow is huge. Let there be no doubt about that. The whole of British politics for years to come hinges on what Alistair Darling says in his mini-Budget, and on what George Osborne says in reply.
The trend is here to stay, but not all developers are able to master the subtleties required for a successful project. Boutique housing is highly stylized and individual. It needs to be well received by the target market and also be inviting to a wider base of consumers.
The new economic team begins to take shape.
Markets like it.
...From an NYU prof and his students.
Timothy Geithner, the New York Fed chief poised to be Obama’s Treasury secretary, would bring a number of skills to the table, say those who know him.
Timothy Geithner, the New York Fed chief poised to be Barack Obama’s Treasury secretary, would bring to the table a keen sense of pragmatism and coolness under pressure – and an increasingly important international perspective, say those who know him and his work well.
WASHINGTON -- Why aren't the government bailouts working? The presidential transition may be adding to the uncertainty roiling the financial markets.
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