Recent for 10/26/08
- Treasury Closes Door For U.S., U.K. Insurers · The U.S. Treasury has reportedly signaled to American and British insurance companies that they will not have access to emergency funds through the government's $700 billion bailout program, emphasizing monies are reserved for "federally regulated financial institutions that lend money." (The Times)
- Wall Street Bankers Look East For New Jobs · U.S. investment bankers and other finance professionals are mulling moving their careers to the oil-flush Persian Gulf, propelled by the hope that Dubai and other Middle East financial hubs will ride out a global recession better than New York or London. (Washington Post)
- IMF Extends $16.5B Loan To Ukraine · The International Monetary Fund agreed Sunday to extend a 24-month, $16.5 billion loan to Ukraine to help stabilize the nation's financial system as investors continue to shun emerging-market assets. Ukraine is currently the least creditworthy of Europe's transition economies. (Bloomberg)