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Loudly trumpeted plans to establish the "Super SIV" fund for bailing out money-losing off-book deals of big financial institutions, have been abandoned. CITI
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The US economy is in the recession. Another US bank - Goldman Sachs has confirmed that. It comes just after the United Nations, in an annual report, says that
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Banks are expected to face a tough period. With the money supply being squeezed, some lenders may even fold down.
Analysts fear that the second half of 2008, read more »
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Analysts fear that the second half of 2008, read more »
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