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Fund raising activity drops 86% Fund raising activity via the QIP or qualified institutional placement route has dropped almost 86% on an annualised basis from $ 5.00 bn in 2007 to $ 0.53 bn in 2008 on a year-to-date comparison. The Economic Times$50 is enough to start retirement fund (Bankrate.com) A little savings is just enough to start funding a retirement kitty, says Dr. Don Taylor. yahoo.comFairfax acquires additional units of Jazz Air Income Fund Fairfax Financial Holdings, through its subsidiaries, has acquired 300,700 units of the Jazz Air Income Fund, bringing its total holdings in the fund to approximately 15.32 million units or approximately 12.47% of the total units outstanding. Banking Business Review$50 is enough to start retirement fund A little savings is just enough to start funding a retirement kitty, says Dr. Don Taylor. Bank RateFed approves GMAC bank request in boost for GM (AFP) The US Federal Reserve has approved a request by GMAC, the troubled financial arm of General Motors, to become a bank holding company, allowing it to tap government bailout funds and emergency loans. yahoo.comFed grants GMAC ability to seek bailout funds (AP) The Federal Reserve gave an early Christmas present to General Motors' finance arm, allowing the ailing provider of auto loans to qualify for the government's $700 billion rescue fund. yahoo.comGMAC Gets Fed Approval to Become Bank Holding Company The Federal Reserve gave General Motors a crucial boost yesterday by approving a request from GMAC, which provides funding for most of the automaker's dealers and many of its customers, to become a bank holding company. The Washington Post |
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