<table><tr><th>From:</th><th>Institutional Investor Daily &lt;607268.1221734104@ems.euromoneyplc.com&gt;</th></tr><tr><td>Sent:</td><td>Tuesday, January 24, 2012 4:49 PM</td></tr><tr><td>To:</td><td>jeeproject@yahoo.com</td></tr><tr><td>Subject:</td><td>Banks Hungry for ECB's Next Round of Loans: Analysts</td></tr></table>

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<http://ems.euromoney.com/ems/r.asp?cIndex=607268&=Index=1221734104&hurl=http%3A//www.institutionalinvestor.com> =!-- Newsletter Title -->Institutional Investor Daily
Tuesday,=nbsp;January 24, 2012
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On InstitutionalInvestor.com today:
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=A style="PADDING-BOTTOM: 0px; MARGIN: 0px; PADDING-LEFT: 0px; PADDING-RIG=T: 0px; FONT-FAMILY: Georgia, 'Times New Roman', Arial; COLOR: #030303; FON=-SIZE: 18px; TEXT-DECORATION: none; PADDING-TOP: 0px"
href="http://ems.=uromoney.com/ems/r.asp?cIndex=607268&mIndex=1221734104&hurl=htt=%3A//www.institutionali nvestor.com/Article/2966081/Banks-Hungry-for-ECB=-Next-Round-of-Loans-Analysts.html">Banks Hungry for ECB's Next Round=of Loans: Analysts

Analysts expect banks =o snap up European Central Bank's second round of long-term refinancing.=But the real test of their strength will not come for another six months.=/P>Read the full story at instituti=nalinvestor.com. <http://ems=2Eeuromoney.com/ems/r.asp?cIndex=607268&mIndex=1221734104&hurl==ttp%3A//www.institutionalin vestor.com/Article/2966081/Banks-Hungry-for-=CBs-Next-Round-of-Loans-Analysts.html> <http://projectsline.com/iimag/images=x.gif> </=R> <http://projectsline.com/iimag/images/x.gif> <http://projectsline.com/iimag/images/x.gif>

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href="http://ems.=uromoney.com/ems/r.asp?cIndex=607268&mIndex=1221734104&hurl=htt=%3A//www.institutionali
nvestor.com/Article/2966041/Hong-Kong-Rises-as-a=Hedge-Fund-Center.html">Hong Kong Rises as a Hedge Fund
Center

Hong Kong's Alternat=ve Investment Management Association has seen its membership grow from 21i= 2004 to over 170 today as the city overtakes its neighbors as a hedge fund=hub.

Read the full story at institutionali=vestor.com. <http://projectsline.com/iimag/images=x.gif>
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href="http://ems..uromoney.com/ems/r.asp?cIndex=607268&mIndex=1221734104&hurl=htt=%3A//www.institutionali
nvestor.com/Article/2965977/Warranted-Multiples-=ffer-New-Clues-to-Future-Equity-Performance.html">Warranted
Multiples O=fer New Clues to Future Equity Performance

New research provides =ore evidence that price multiples based on accounting alone are misleading =nd gives us a new valuation tool.

Read the full story at institutionalinvestor.com.
<http://ems.euromoney.com/ems/r.asp?cIndex==07268&mIndex=1221734104&hurl=http%3A//www.institutionalinvestor.com=Article/2965977/Warranted-Multiples-Offer-New-Clues-to-Future-Equity-Performance.html> =/TD>
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