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US central bank raises voting stake to 15 percent for minority investors

The rules have been relaxed by the US central bank for governing investors who take minority stakes in banks. This move is to encourage larger investment. The Voting stake had been raised from 9.9 percent to 15 percent for

Putnam Money Market Fund: $12 billion in liquidation

Putnam Funds liquidates close to $12.3 billion prime money market funds on September 17, ’08 at 5pm; all money was distributed to investors. Each share of Prime fund was valued at $1 liked other Putnam’s other

Price of gold shoots up as financial markets take a battering

Price of Gold rocketed Wednesday, as the financial institutions went under a shockwave of destruction the price of gold notched the biggest one-day advance ever, as troubled AIG was bailed out by the federal government and

JPMorgan examines strategies and practices of investors

JPMorgan Asset Management has been studying a survey, which examined the investment strategies and practices of some of the nation’s largest institutional investors in the U.S. and they are now sharing their results.
JPMorgan have found that there is no pullback in their

Central London commercial property transactions down 50 percent

Seems recession is taking its hold in Central London, as they have seen a 50 percent drop in commercial property transactions in just the first part of the year and things look as if they will not change much for the