Comcast Corp CMSCA.O is buying Time Warner Cable Inc (TWC.N) for $45.2 billion in an all-stock deal, combining the nation’s two largest cable operators, according to people familiar with the matter. The friendly takeover comes as a surprise after months of public pursuit of Time Warner Cable by smaller rival […]
Author: InvestAdvocate
Lloyds Posts Fourth Consecutive Loss on PPI Compensation Costs
Lloyds Banking Group Plc (LLOY), Britain’s biggest mortgage lender, posted its fourth consecutive annual loss after earmarking 3.5 billion pounds ($5.8 billion) to compensate clients wrongly sold loan insurance and swaps. The net loss narrowed to 838 million pounds for 2013 from 1.43 billion pounds in 2012, the London-based bank […]
CBN may withdraw all govt funds from banks
In a bid to reduce pressure on the naira and maintain macro-economic stability, the Central Bank of Nigeria’s Monetary Policy Committee may increase the Cash Reserve Requirement of public sector funds in the vaults of banks to 100 per cent from the current75 per cent. The implication of this is […]
