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- biz.thestar.com.my
Aussie banks’ exposure to two failed firms at US$1bil (The Star) SYDNEY: Australian banks’ exposure to two failed local corporates has increased to at least A$1.6bil and is likely to add to pressure on the banks to raise more capital in the near term.
- www.reuters.com
U.S. backs away from plan to buy bad assets - Reuters WASHINGTON (Reuters) - The Bush administration on Wednesday largely abandoned its plan to buy up toxic mortgage assets and said it will focus its $700 billion financial bailout fund on making direct investments in financial institutions and shoring ...
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