Isaac Paige Associates Chairman Voices Concern as Stocks Slide from Tokyo to London

Seattle, WA, March 04, 2009 --(PR.com)-- HSBC Holdings Plc tumbled 17 percent after saying it plans to raise 12.5 billion pounds ($17.7 billion) in a rights offer. Commerzbank AG and BNP Paribas SA slid more than 5 percent. Mitsubishi UFJ Financial Group Inc., Japan’s biggest bank, retreated 6.8 percent as the nation’s wage declines accelerated. BHP Billiton Ltd., the world’s largest mining company, lost 5.2 percent as industrial metals and oil dropped.

Speaking from the Isaac Paige Associates corporate headquarters, in Seattle, Washington, Matthews continued by saying “Things are getting worse and the economy is still deteriorating and bad debts are still going to appear.”

The MSCI World Index of 23 developed countries sank 1.8 percent to 737.47 at 11:09 a.m. in London, extending its 2009 decline to 20 percent, the worst start to a year since the gauge was created in 1970. The MSCI Emerging Markets Index slid 3.4 percent, while Hungary’s forint fell after European Union leaders spurned aid pleas for eastern Europe.

Isaac Paige Associates is highly respected within the financial community and has been providing accurate evaluations for over a decade. Isaac Paige Associates principals are actively involved in all aspects of the mergers & acquisitions evaluation process. Isaac Paige Associates provides responsive and personalized service to Institutions throughout the merger or acquisition including participation in syndication meetings to facilitate the decisions of the participating parties.

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