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As the credit crisis has deepened in the U.S., major players in investment banking are making plans to expand their operations to the Asian markets, which have held steadier than their Western counterparts. Big firms in the United States and Europe have grown more wary of large takeovers, whereas the number of acquisitions in East Asia has risen by 15% so far this year. Executives from such financial powerhouses as Credit Suisse, Goldman Sachs, and JP Morgan have journeyed East in search of investment opportunities.

New York Times: Credit Crisis 101

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