International Events
Asian markets decline on AIG bailout
Asian financial stocks fell, countering gains by the region’s chipmakers, as a US bailout of American International Group Inc failed to ease concerns that credit-related losses will cause more financial failures.
Debacle drives HSI to 2-year low
Hong Kong stocks crashed to a two-year low yesterday following global credit turmoil which triggered a debt-rating downgrade of American International Group Inc (AIG) and the bankruptcy of Lehman Brothers Holdings Inc.
Lloyds TSB will do a trade of 50 billion U.S. dollars with HBOS
LONDON, Sept 17 (Reuters) - British bank Lloyds TSB reached an agreement on Wednesday to take over HBOS Plc in an all-share deal that will create a mortgage giant, Sky News quoted sources as saying.
Washington biggest Washington Mutual bank has begun looking for a buyer
[chinanews net]: According to the New York Times online edition on the 17th, the nation’s largest savings bank, WashingtonMutual in crisis has begun looking for a buyer.
HSBC is interested in buying Morgan Stanley
Despite the news that one of the two biggest Wall Street investment bank Morgan Stanley, is going on possible acquisition talk with CITIC Group, but there is also news, the London-based HSBC Holding is also interested in buying Morgan Stanley.
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