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Morgan Stanley, Goldman 'advising' Dubai on bailout
- United Arab Emirates: Tuesday, November 25 - 2008 at 10:58
Goldman Sachs and Morgan Stanley are among the group of global banks speaking to the governments of Dubai and Abu Dhabi about the restructuring of Dubai's financial services industry, the London-based Times has reported. Swiss lenders UBS and Credit Suisse are also consulting with the governments on plans to merge mortgage lenders into a newly created development bank, the newspaper reported.
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Jeff Florian, Senior ReporterTuesday, November 25 - 2008 at 10:58 UAE local time (GMT+4)
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This article was updated on Thu Nov 27 2008.
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