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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 […]

Banks opt for direct sale to save operational cost

THURSDAY, 14 OCTOBER 2010 BY ENITAR UGWU   Nigerian banks are obviously facing hard times and have turned to direct sale option, against outright employment, to save operational cost.Direct sales agent structure enables banks to recruit contract staff whose job is to mobilise retail deposits on behalf of the banks.The […]