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TEXT-Hungary's Letter of Intent to the IMF...
Submitted by admin on Thursday, November 6, 2008 - 11:05

BUDAPEST, Nov 6 (Reuters) - Following are excerpts from the a Letter of Intent which Hungary's central bank and government sent to the International Monetary Fund and published on the central bank's website www.mnb.hu on Thursday.

'Financial market stress in Hungary has intensified in past weeks as a result of events in global financial markets. In response, the government and the cent...


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Lehman and Bear survivors may get best bonuses...
Submitted by admin on Thursday, November 6, 2008 - 23:05

NEW YORK (Reuters) - Bear Stearns and Lehman Brothers executives that survived the collapses of their firms and found new jobs should get bigger bonuses than their peers at Goldman Sachs Group Inc , a compensation consultant said on Thursday. It is no surprise by now that the global credit crisis, together with regulatory pressure and consolidation among the biggest U.S. banks, will lead to sma...


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