By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-The International Monetary Fund (IMF) Thursday said it has agreed a $14-18 billion stand-by arrangement with Ukraine. Nikolay Gueorguiev, mission chief for Ukraine said in a statement that the deal will further unlock credits to worth $27 billion over the next two (2) years. “The […]
World News
Cross-Border Securities Holding Increased to $40.2 Trillion in June 2013-IMF
By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)- The International Monetary Fund (IMF) has said cross-border securities holding has increased to $40.2 trillion a 0.5 percent (0.5%) growth compared to $40.0 trillion reported at the end of December 2012, according to released results from its first end-June coordinated portfolio investment survey (CPIS). […]
Citigroup Fails Fed’s Stress Test as BofA Gets Dividend Boost
Citigroup Inc.’s capital plan was among five that failed Federal Reserve stress tests, while Bank of America Corp. won approval for its first dividend increase since the financial crisis. Lenders announced more than $60 billion of dividends and stock buybacks after the Fed approved capital plans for 25 of the […]
