Asian funds pay heavy price to rescue western banks
While most congregations look eastwards for end-year spiritual inspiration, western financial institutions have been doing so for recapitalisation. After a succession of yen bond issues in Q3, as Japan remained a source of cheap loans after the US ceased to be so, banks moved on in Q4 to selling blocks of shares into Asia and the Middle East, to help plug the balance sheet holes that started with substandard loans in North America.
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The Bottom Line: A political masterclass in negotiation
"Some expert politicking and negotiation on the part of Nick Clegg and his team resulted in the new coalition government. Reed Finance's Lynsey Rattigan advises on how to brush up on your own workplace bargaining tactics to your career advantage."