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At September's meeting, Adam Posen remained the only one to vote for an additional £50 billion in asset purchases.
WALL STREET JOURNAL United Technologies Prepares $3 Billion in Asset Sales | United Technologies said on Thursday that it planned to sell about $3 billion worth of assets to help pay for the company's $16.5 billion takeover of the Goodrich Corporation.
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The government will also encourage more lending by guaranteeing up to £50 billion in asset-backed securities.
Such measures will leave the weakest banks in need of more capital.One source is the industry-backed Deposit Guarantee Fund (FGD), which is estimated to have provided €29.3 billion in asset-protection schemes and capital for nationalised lenders.
The plan announced on January 21st is the worst of both worlds, and mis-sold in the bargain.If a suitable deal with a private-sector buyer can be negotiated in the next few weeks, Northern Rock will raise the money to repay its debt by issuing some £30 billion in asset-backed bonds, which the government will underwrite.
Over all, the bank deems 3.4 billion in assets as impaired.
While they represent a small piece of the mutual fund world, such investments have £25 billion in assets under management.
Meinl Bank has roughly 2.5 billion in assets under management, according to a spokesman for the company.
Under Mr. King, the Bank of England injected money into the economy by buying £375 billion in assets, mainly government bonds.
It was revealed, for example, that 50 members of the National People's Congress owned about 94.7 billion in assets.
Kleinwort Benson had about 4.7 billion in assets under management at the end of September, 11 percent less than a year earlier.
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