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Asset Management

11:11 AM
Greg MacSweeney
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Dubai's Debt May Hurt Banking Recovery

The state-owned company Dubai World wants more time to repay its debt. Given that it owes at least $59 billion to creditors, there are concerns a wave of defaults could be on the way.

Greg MacSweeney is editorial director of InformationWeek Financial Services, whose brands include Wall Street & Technology, Bank Systems & Technology, Advanced Trading, and Insurance & Technology. View Full Bio

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It wasn't all bad luck for the capital markets this week: Hedge funds had a decent first quarter despite a slowdown in jobs numbers, BlackRock might be heading into new territory as hedge fund managers take a hard look at their counterparties, and the head of the IMF didn't pull any punches when assessing today's global economy. At least we can admire the nice weather and some of the best quotes of the week.
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