Banks in the U.S. saw increased demand from businesses and consumers for lending and in turn made those loans more readily available, according to a Federal Reserve report. “Domestic banks, on balance, reported having eased their lending standards on many types of business and consumer loans and having experienced increases […]
Author: InvestAdvocate
Barclays chief Antony Jenkins declines £2.7m bonus
Antony Jenkins, chief executive of Barclays, has turned down an annual bonus that could have been worth as much as £2.7m, saying it “would not be right” to accept the award. In a statement to the market, Mr Jenkins said he had “respectfully declined” an unspecified bonus awarded to him […]
75% CRR: CBN Withdraws N1tr Public Sector Funds From Banks Today
Banks may fire workers The Central Bank of Nigeria (CBN) will, from today, start withdrawing over one trillion naira (N1 trillion) public sector fund from deposit money banks as part of its new Cash Reserve Requirement policy. The new policy which called for the withdrawal of 75 per cent public […]
