Posts tagged as:

Financial crisis

The last 24 hours of the financial crisis

September 30, 2008

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 [...]

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What will be the future of investment banks?

September 22, 2008

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 [...]

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Should the Ringgit be pegged again?

September 22, 2008

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 [...]

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Are you invested in or via AIA?

September 15, 2008

Do you have any business dealings with AIA, the famous American insurer? If you are, take note of this important piece of news. The parent company in the US, American Internation Group (AIG) is facing liquidity crunch and is working to sell off assets to raise capital in order to protect its policyholders. Upon hearing [...]

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