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U.S. Lawmaker Says AIG Failure Would `Bring Down Europe`
The U.S. government rescued giant insurer American International Group in part because its collapse would dramatically hurt European banks, a senior Democratic lawmaker said Thursday.The U.S. ...
Insurancejournal.com

ECB`s Bini Smaghi Warns of Unintended Results from Excessively Low Rates
(CEP News) Frankfurt - European Central Bank member Lorenzo Bini Smaghi warned that excessively low rates could have unintended consequences and that he does not believe it is always a good idea to err on the side of excessive easing.
Economic News

Citigroup to sell out of Japan broker Monex: report
TOKYO (Reuters) - Citigroup plans to sell its 26 percent stake in Japanese online broker Monex Group Inc as part of the struggling U.S. bank's efforts to raise cash, the Yomiuri newspaper reported on Friday.
Reuters

Bank Nationalizations: Why They Might Work
IndyMac shows the government can succeed at taking over banks
TIME

Commerzbank to sell hedge fund unit
Commerzbank has put Comas, its $900m fund of hedge fund manager, up for sale just months after it gave its main asset management unit to Allianz, the insurer, as part-payment for its takeover of Dresdner Bank. The German bank is already in talks with several groups about selling the unit, which is likely to fetch a price tag in the tens of millions of euros....
FT

ECB`s Bini Smaghi Calls Talk of Euro Zone Breakup ``Nonsense``
(CEP News) Frankfurt - European Central Bank Executive Board member Lorenzo Bini Smaghi said he expects the economy to recover by 2010 and dismissed talk of a euro zone break up, calling it 'nonsense'.
Economic News

Santander interested in AIG`s E.Europe bank -paper
WARSAW, March 6 (Reuters) - Spain's largest bank, Santander, is among potential bidders for the Polish banking armof the troubled insurer American International Group , aPolish daily reported on Friday, citing an unnamed source.
Reuters

Dow falls 281 to 12-year low
The S&P 500 falls to its lowest level since 1996. Citigroup briefly falls below $1, and potential downgrades slam other bank stocks. Wal-Mart's February sales are better than expected. The big question: How bad will Friday's jobs report be?
MSN

China readies precautionary forex plans to avert crisis - China Daily
Washington postChina readies precautionary forex plans to avert crisisChina Daily, ChinaBy Xin Zhiming (chinadaily.com.cn) Central bank Governor Zhou Xiaochuan said on Friday that China's exchange rate policy remained unchanged, but the country has prepared quot;several precautionary plansquot; for coping with different circumstances amid the ...Video: China's growing jobs crisis - 06 March 2009 Al JazeeraChina Seeks Comprehensive Economic Pact With Taiwan BloombergChina says ready to talk peace with Taiwan International Herald TribuneProactive Investors UKall 1,972 news articles
Info 5000

Asia takes cue from 12-year low on Wall St
Asia stocks slid after a warning from General Motors that it may need to file for bankruptcy drove Wall Street shares to 12-year lows and highlighted the severe troubles of major US companies and banks
FT.com

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