In order to deepen the capital market and ensure financial stability in the country, there is the need to introduce asset-backed financing on a large scale, the Managing Partner, Perchstone and Graeys, Mr. Osaro Eghobamien, has said. According to him, the introduction of asset-backed financing and, consequently, as asset-backed bonds, […]
Tag: InvestAdvocate
Exclusive: U.S. steps up probe of JPMorgan over Bear mortgage bonds
 The U.S. Department of Justice has stepped up a probe in recent weeks into Bear Stearns & Co’s mortgage dealings in the run-up to the financial crisis, according to two sources familiar with the situation, raising the possibility that JPMorgan Chase & Co may face yet another case over […]
Russia’s Megafon to buy 4G provider Scartel for $1.2 billion
Megafon (MFON.MM) (MFONq.L), Russia’s second-biggest mobile phone operator, is to buy next-generation service provider Scartel for $1.2 billion to extend its lead in the race to provide high-speed internet. The deal unites assets belonging to Russia’s richest man Alisher Usmanov, and boosts Megafon’s position against rivals MTS (MBT.N) and Vimpelcom […]
