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Credit Suisse to get Aberdeen stake
Credit Suisse is poised to own 25 per cent of Aberdeen asset management after the Swiss bank agreed to sell the UK manager its traditional fund management business in a share-based deal worth about £200m
Financial Times

U.S. loan values drop 55%
Loan issuance in the U.S. in 2008 dropped 55 percent, from $1.69 trillion to $764 billion, making it the slowest year since 1994, according to a quarterly survey released Tuesday by Thomsom Reuters Loan Pricing Corp.
bizjournals

First Financial boosts reserves to cover more bad loans
First Financial Bancorp is boosting its fourth-quarter loan-loss reserve to cover higher-than-expected loan losses.
bizjournals

Banker foresees merger spree in 2009
‘These are very trying times for the oil sands business. We have had an astounding amount of capital projects shelved, deferred, scaled back. But the positive benefit is these are very long-term projects
The Globe and Mail

Companies Handing Out Unpaid Vacation
Struggling businesses are requiring employees to take unpaid 'furloughs' - temporary layoffs that amount to one-time pay cuts for workers. This year, the number of temporarily laid off workers hit a 17-year high.
CBS News

GMAC Revs Up Car Loans
GMAC rolled out low-rate loans on GM vehicles after it received Treasury funding, including 0% financing on certain 2008 models.
Wall Street Journal

GMAC, GM move to boost car loans
AUTO financier GMAC and General Motors will offer 'subprime' car loans and zero per cent financing in a bid to boost car sales.
The Australian

Aberdeen buys part of Credit Suisse business
Aberdeen asset management is expected to unveil the acquisition of Credit Suisse's UK asset management division for £200-£250 million this morning in a deal that will make theScottish gr...
Big News Network

Telecom Marketing and Sales Veteran Robert King is Named Executive Director, Business Development at Tollgrade
has joined the company as Executive Director, Business Development. King joins Tollgrade from Sunrise Telecom where he was most recently President and General Manager of Sunrise's Broadband Products G...
Big News Network

European Banks Gird for a `Year of Reckoning`
European banks are bracing for a difficult 2009 as a rising tide of corporate bankruptcies adds to their problems with bad mortgage and credit-card loans.
Wall Street Journal

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November 2009
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