September 30, 2007

London Stock Exchange

In the Hands of Banks, ?Orphan? Trusts Change (New York Times)
With no family members to encourage gifts to the original donor?s favorite causes, banks and lawyers have wide latitude to remake the way the trusts operate.
Source: www.nytimes.com

Donors Gone, Trusts Veer From Their Wishes (New York Times)
Large banks have wide latitude to operate trusts that had been left in the hands of local institutions they acquire.
Source: www.nytimes.com

Monetary Authority issues new guidelines for property trusts (Channel NewsAsia)
SINGAPORE : New guidelines for Real Estate Investment Trusts (REITs) have been issued by the Monetary Authority of Singapore. The changes are aimed at improving safeguards for investors and to provide greater clarity and flexibility for commercial transactions.
Source: www.channelnewsasia.com

Fitch Upgrades 3 & Affirms 6 Class from CNH Equipment Trusts 2005-A & 2005-B (Business Wire via Yahoo! Finance)
NEW YORK—-Fitch has taken the following rating actions on CNH Equipment Trusts 2005-A & 2005-B :
Source: biz.yahoo.com

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