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Bush assures world US rescue bill will be passed

US President George W Bush issued a call for decisive action from Congress this morning at the White House.

The President says he is disappointed the bill was thrown out yesterday but that the legislative process will continue and there will soon be a rescue bill passed that will address the current trauma gripping the market.

Bush says: “I assure citizens around the world that this is not the end of the legislative process.

“We’re at a critical moment for our economy and need action that decisively addresses the troubled assets that are now clogging the financial system, helps lenders to resume the flow of credit to consumers and businesses and allows the American economy to get moving again.”

He reminded citizens that while $700bn is a large sum of money it would be recouped and that when the bill did not pass nearly $1trillion were lost as a result of shares falling due to the uncertainty caused.


UBS sheds 2,000 jobs

UBS is cutting a further 2,000 jobs this week bringing the job loss toll to 6,000 since Q3 2007.In a statement this morning UBS revealed it is repositioning its investment bank following a review of its strategy by the executive committee and board of directors.UBS says it will reprioritize its business portfolio to preserve its […]

Enterprise launches Platform exclusives

Enterprise Group has launched an exclusive range of fixed rate products from Platform which have gone live today on Enterprise’s Edge system.

Movers & shakers

Tiner Surprise

A few surprises this month, with some familiar names reappearing in unexpected places and others just disappearing, at least for the time being.

Spring has sprung

Well, it’s been lovely to see a little bit of sunshine, even if it was only a brief appearance. I live in Scotland so, believe me, it was very brief.  Of course, with even the tiniest hint of spring, thoughts turn to the inevitable clearout that must take place.  And that got me to thinking […]


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