The three Major U.S. Auto Giant will go to Congress for Assistance
Integrated sources reported that the three major auto giant manufacturers will try to persuade members of congress to believe that, they are worth for the government to help and provide loan assistance of 25 billion dollars program.
Japanese Auto Industry in trouble
Due to the impact of the global financial crisis and economic slowdown, Japan’s 12 automakers global production will cut a total of 1.9 million this year, only the equivalent of 7-8% of the original production.
Zhu Min: concerned about the Impact on the Quality of Bank Assets by the Decline in Real Estate and Export
The deputy governor of China Bank Zhu Min, said that at the 21st century Asian financial year forum on Nov.30th, although there is stimulating economic policy of 4 trillion yuan, Chanese economy is still possible to continue to decline in the fourth quarter of this year.
China Development Bank Limited Company was founded in Beijing
China Development Bank Limited Company, the first general meeting of shareholders was founded on Dec.1st in Beijing, which marks the national development bank reform has achieved initial results.
AIG announced that AIG Private Bank agreed to be sold to Aabar Investments
AIG announced that AIG Private Bank agreed to be sold to Aabar Investments. After the transaction the private bank will be an independent financial institution with a new name carrying out high-end business management.
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