24Nov Next on the US bailout plan is Citigroup!
Citigroup has become the latest financial institution who has come under to receive a huge bailout from the US government. It has just been confirmed that the US government has agreed to a bailout of the bank at a sum of about $300 billion. According to analysts, the terms of the bailout have been rather [...]
30Sep The last 24 hours of the financial crisis
Here are some self-explanatory articles of what’s unfolding in the world in the wake of the financial crisis. It seems like a rather dramatic change going on in the financial world.
European governments stepped in to rescue Fortis, Bradford & Bingley Plc, and Hypo Real Estate Holding AG as tremors from the U.S. credit crisis reverberated [...]
22Sep What will be the future of investment banks?
In the United States, the two world renowned investment banks, Goldman Sachs and Morgan Stanley, have declared that investment banking no longer holds a bright future for them anymore. The two financial giants have just received the Federal Reserve’s green light to change course - from being an investment bank to a consumer bank that [...]
22Sep Should the Ringgit be pegged again?
With uncertainties looming in the world financial market and the recent developments in US, Malaysia is once again been urged to consider re-pegging the Ringgit in the hope of stabilising the economy in the wake of falling US dollar against other currencies. Back in 1997/1998, the Ringgit was pegged to the US dollar at RM3.80. Since the [...]
