No fewer than 66,402 applications have been filed for pre-qualification since August 2 when the federal government jump-started the new mortgage refinancing system for an initial 10,000 mass housing delivery programme. The Coordinating Minister for the Economy and Minister of Finance, Dr. Okonjo Iweala, who made the disclosure at a […]

Money Will Be Returned to Investors Who Were Harmed Moody’s Investors Service raised its outlook on Morgan Stanley MS +0.15% from stable to positive, saying the firm continues to make progress on strengthening its profitability. Earlier this month, Morgan Stanley reported a near doubling of its second-quarter profit, as revenue […]

  Citigroup Inc is close to paying about $7 billion to resolve a U.S. probe into whether it defrauded investors on billions of dollars worth of mortgage securities in the run-up to the financial crisis, a source familiar with the matter said on Tuesday. A majority of the settlement is […]