Author: InvestAdvocate

CBN says deal talk on rescued banks to start soon

– AMCON to begin purchase of assets in three weeks  Friday 15 Oct 2010 Reuters Five or six of the banks rescued in a N620 billion ($4 billion) bailout last year will announce negotiations with potential suitors in the coming weeks, Lamido Sanusi, Central Bank of Nigeria (CBN) Governor, said […]

Banks seize 288K homes in Q3, but challenges await

By ALEX VEIGA, AP Real Estate Writer LOS ANGELES – Lenders seized more U.S. homes this summer than in any three-month stretch since the housing market began to bust in 2006. But many of the foreclosures may be challenged in court later because of allegations that banks evicted people without […]

Big banks give up on taxpayer backing for lending fund

Jill Treanor, 14 October 2010    Britain’s six biggest banks stepped back from demanding taxpayer support for a £1.5bn new business growth fund for small firms at a high-level meeting with George Osborne and Vince Cable tonight.The chancellor and the business secretary were presented with a dossier by the banks […]