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  • SGX Statement On Network Connectivity To The Exchange

    Date 25/11/2008

    Singapore Exchange Limited (SGX) would like to inform market participants that the interruptions in connectivity to the securities and derivatives trading systems at 4.09 pm today, were due to connectivity issues at the primary telecommunications network. Participants were switched to the back-up telecommunications network as part of the contingency procedures.

  • Statement From New York Attorney General Andrew Cuomo Concerning AIG's Decision To Eliminate Bonuses For Top Executives

    Date 25/11/2008

    We have received Mr. Liddy’s response to our letter of last week outlining the action AIG will now take regarding executive compensation. AIG has taken a positive step by eliminating bonuses and salary increases for its top executives. Taxpayers have been slammed with a one-two punch seeing their investments dwindle while simultaneously having to fund the Wall Street bailout with billions of their tax dollars. It is only fair that top executives, who benefit the most when firms do well, should a

  • ICE To Begin Introduction Of Over 50 New OTC Cleared Contracts - First Tranche Of Contracts To Launch December 5

    Date 25/11/2008

    IntercontinentalExchange, Inc. (NYSE: ICE), a leading operator of global regulated futures exchanges and over-the-counter (OTC) markets, announced plans to introduce more than 50 additional cleared energy contracts in its OTC marketplace beginning December 5, 2008, and extending into 2009. ICE currently lists over 100 cleared OTC energy contracts, and today more than 90% of ICE's OTC transaction volume is cleared.

  • US Treasury Provides TARP Funds To Federal Reserve Consumer ABS Lending Facility

    Date 25/11/2008

    The U.S. Treasury Department today announced it will allocate $20 billion to back a lending facility for the consumer asset backed securities market established by the Federal Reserve Bank of New York.

  • US Treasury Secretary Paulson Remarks On Consumer ABS Lending Facility

    Date 25/11/2008

    Today the Treasury and the Federal Reserve are announcing a facility to finance the issuance of non-mortgage asset-backed paper in order to support lending to consumers and small businesses that is vital to our economy.