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The acquisition of Wachovia by Wells Fargo creates a fourth option for companies in search of a major credit provider and a source of nationwide banking capabilities.
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Banks forced to reduce costs in their cash management service businesses should consider cutting or delaying technology spending as a means of lowering expenses while minimizing the impact on clients and their own revenues, according to a new report from Greenwich Associates.
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Webinar: Presented by Markus Ohlig and Abhi Shroff, Consultants, Greenwich Associates
Date: December 2, 2008 Start Time: 11:00 a.m. Hong Kong/Singapore time
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Marking the start of a new and dangerous phase of the global financial crisis, even the biggest and strongest U.S. companies are reporting difficulty accessing essential credit, according to new research from Greenwich Associates.
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Middle market investment banking is likely to take on new prominence for Wall Street and the nation's large banks as financial service companies look for new sources of revenue.
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Although the crisis appears to be pushing the global economy into recession, a new Greenwich Market Pulse suggests companies in Europe and Asia are able to obtain the credit needed to finance their operations.
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Extreme volatility in the global financial markets has not dissuaded institutional investors in continental Europe from carrying through on plans to diversify their investment portfolios.
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