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Unmet Credit Needs in Developing Countries Hits $850 bn SMEs, $2.5 trillion Micro SME’s

By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE) -Unmet credit needs of formal Small and Medium Enterprises (SMEs) in the developing world is estimated to be $850 billion; while that of Micro, Small, and Medium Enterprises is estimated to be $2.5 trillion. This is contained in a new study “Assessing Private Sector […]

200 Million People Unemployed Worldwide-IFC Report

–Middle East, North Africa Top List By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-200 million people are reported to be currently unemployed globally according to a new study by the IFC, a member of the World Bank Group and made available to www.investadvocateng.com. The study “Assessing Private Sector Contributions to Job Creation,” […]

JPMorgan weighs actions on internal “Whale” probes: reports

JPMorgan Chase & Co may release on Wednesday additional results of internal probes into its $6.2 billion “London Whale” trading loss that could lead to a lower bonus for CEO Jamie Dimon, according to published reports. On Wednesday the bank, the biggest in the United States by assets, is scheduled […]