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The US treasury market reaches breaking point

The US treasury market reaches breaking point

The structural issue that could cause the world's market of last resort to grind to a halt

Abigail Hofman:

Abigail Hofman:

I wonder if ______ is an extremely optimistic person or in a cocoon of senior management denial

Monday, September 1, 2008

UAE’s Dubai Bank to invest USD 5bn on acquisitions by 2013.





UAE’s Dubai Bank to invest USD 5bn on acquisitions by 2013. UAE’s Dubai Bank plans to invest about USD 5bn on acquisitions and financial expansion over the next five years, Ahmed El Shall, the bank’s chief financial officer said. El Shall said that the bank has a specific strategy to be a major force to contend with in the Islamic bank arena by 2011. He added that there is a plan to establish two large Islamic institutions, although acknowledged that in the long term it may make sense to merge the two. The bank’s capital is AED 2.2bn (USD 599mn) including reserves and its assets amount to AED 16bn (USD 4.3bn).







If you gear up 15 times and fund overnight there is no model in the world that is going to be able to solve that

At least one banker does not subscribe to the view that the meltdown in structured finance was entirely a result of inaccurate modelling

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