Buy My IOU – Sell Your Government IOU For CASH

On a sunny Saturday in early June, Larry Zhou strolled the floor of a property exhibition in Hong Kong, wondering whether it was time to buy another home — not in the city, where residential prices have soared 50 percent in the past two years, but maybe in Thailand or Malaysia.
BusinessWeek.com — Finance

Allstate Corp., the largest publicly traded U.S. home and auto insurer, is exiting the banking business and will sell about $ 1.1 billion in deposits to Discover Financial Services as regulators increase scrutiny of the industry.
BusinessWeek.com — Finance

South Korea plans to tighten curbs on banks’ holdings of foreign-exchange derivatives, lowering existing limits by a fifth, according to an official at the country’s financial regulator.
BusinessWeek.com — Finance