Author: InvestAdvocate

Bad loans: Spring Bank‘s shareholders ask debtors to pay back

By Ademola Alawiye  Monday, 4 Oct 2010   Shareholders of Spring Bank Plc have called on people and organisations that are indebted to it to pay back so as to reduce the bad loans that the Asset Management Corporation will be buying from the bank.The shareholders made the plea during […]

Flash Crash Is Pinned on One Trade

Regulators investigating the causes of the May 6 “flash crash” singled out a Midwestern mutual-fund company’s computer-driven trade as the catalyst that sent a shaky market into an unprecedented tailspin. In a joint report on the events of that day, the Securities and Exchange Commission and Commodity Futures Trading Commission […]

Two years and billions later, bank bailout program finally ends

  The Starting Point is a snapshot of the news that occurred overnight and a preview of the stories we expect to cover today. Top story Nearly two years after the United States government bailed out the financial sector, the controversial Troubled Asset Relief Program (TARP) will expire on Oct. […]