Wednesday, November 29, 2006

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Nasdaq choked banks

The banking system has imposed on the Nasdaq to pay extremely high interest on loans used to finance the takeover bid launched recently on the London Stock Exchange.

The Nasdaq will pay 4 percentage points more than Libor, the London interbank offered rate on a loan for about $ 1.75 billion, and 2.25 percentage points, more than Libor, for a loan seven years from $ 2.5 billion in the same operation.

costs access to credit by the Nasdaq are in fact gradually increasing in parallel with attempts to climb the London Stock Exchange, which brought down its level of solvency Junk (garbage).

Lighthouse Financial

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