The document, called an “annual review,” provides a rare window into the publicity-shy funds operations and investment strategy. A revamped Web site launching Monday aims to further humanize ADIA by including video soundbites from key players and photos offering a glimpse inside the funds iconic glass tower, the tallest in the Emirati capital.
The increased openness could help address Western policy makers concerns about the Abu Dhabi funds motives at a time when the neighboring emirate Dubai is under fire for a perceived lack of financial transparency amid the handling of its debt crisis.
ADIA has repeatedly said its investments, including a - - - - >

The FDIC seized Washington Mutuals flagship bank in 2008 and sold its assets to JPMorgan for $1.9 billion. The sale resulted in the two banking companies and the government agency trading lawsuits over roughly $4 billion in disputed deposit accounts.
WaMu attorney Brian Rosen told U.S. Bankruptcy Judge Mary Walrath on Friday that JPMorgan has agreed to turn over the money to Washington Mutual after deducting $172 million as its share of tax refunds received.
In return, JPMorgan will get 70 percent of expected tax refunds resulting from WaMus prior operating losses that are valued at about $3 billion, with Washington Mutual - - - - >

The implosion of Lehman Brothers Holdings Inc. into the biggest bankruptcy in U.S. history in September 2008 precipitated the financial meltdown that plunged the economy into the most severe recession since the 1930s. How did it happen?
After saddling itself with tens of billions of troubled assets that couldnt easily be sold, Lehman masked its debt and perilous financial condition by using the accounting artifice, an examiner appointed by the bankruptcy court found in a 2,200-page report on a yearlong investigation.
The examiner, Anton Valukas, discovered that Lehman put together complex transactions that allowed the firm to sell “toxic,” mostly mortgage, securities - - - - >

MetLife won an accord to split most declines on $1 billion in commercial mortgages included in the $15.5 billion purchase of the AIG unit, according to a MetLife regulatory filing and the companys chief financial officer. A corporate vehicle owned by the Fed and New York-based AIG will use MetLife stock gained in the sale to pay for future real estate losses, said two people with knowledge of the arrangement.
AIGs Japan mortgage holdings were deemed a “more troubled asset” by MetLife, which is also indemnified from - - - - >

The data was stolen by a former information technology employee about three years ago, the Geneva-based unit of HSBC said today in a statement. French authorities, which seized the data, have told their Swiss counterparts that they wont use the information “inappropriately,” the bank said.
“The bank does not believe that the stolen data has or will allow any third party to access any client account,” HSBC said in the statement. The accounts were all opened before October 2006, the bank said.
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Northern Rock said it posted a profit of 466.7 million pounds ($696 million) in the second half, following a loss of 724.2 million in the first half of 2009.
For the full year, Northern Rock reported a pretax loss of 257.5 million pounds ($384 million), down from a loss of 1.355 billion pounds in the previous year.
Loan loss impairments rose to 1.05 billion pounds from 894 million pounds in 2008.
“Loan loss impairment charges are expected to remain high during 2010, relative to historic norms, but below the level recorded in 2009,” the company said.
The results were the last for the old - - - - >

Yang and many other young Chinese are finding their aspirations thwarted by an overheated property market that is enriching already wealthy speculators, local officials and other Communist Party allies.
Its a hard reality for a generation that views home ownership as a given after reforms more than a decade ago created a housing market open to the masses. Its also a challenge for leaders whose reliance on rising property values and land sales to property developers risks letting the market spiral out of control.
“I sigh at every fancy apartment building I see on the way to work everyday, but that wont - - - - >

AIGs $78 billion of bonds surged to 18-month highs since Feb. 26, the last trading day before the insurer disclosed the first of the two divestitures, according to Bloomberg data. The New York-based firms debt is the best performer this month through yesterday on Bank of America Merrill Lynch indexes. Its subordinated debt jumped as much as 13 cents on the dollar.
The insurer, once the worlds largest, said March 1 it was selling AIA Group Ltd. to Prudential Plc for $35.5 billion. A week later, MetLife - - - - >

The purchase of Citi Property Investors will give New York- based Apollo 65 real estate investments in 26 countries with a net asset value of $3.5 billion, said the person, who asked not to be named because the negotiations are private. Apollos global head of real estate, Joseph Azrack, helped assemble the portfolio when he led the Citigroup unit from 2004 to 2008.
The sale to Apollo shows the units limited partners have confidence in the buyer and a recovery in global prices, said Matthew Anderson, partner - - - - >

The purchase of Citi Property Investors will give New York- based Apollo 65 real estate investments in 26 countries with a net asset value of $3.5 billion, said the person, who asked not to be named because the negotiations are private. Apollos global head of real estate, Joseph Azrack, helped assemble the portfolio when he led the Citigroup unit from 2004 to 2008.
The sale to Apollo shows the units limited partners have confidence in the buyer and a recovery in global prices, said Matthew Anderson, partner - - - - >