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Bank crisis
Monte rally reveals problems with EU banking crisis rules
UniCredit revealed last week that it is looking to buy some of the good parts of Monte dei Paschi, which is majority owned by the Italian state. Two-thirds of Monte have reacted in a volatile…
Business News | Stock market and stock market news | Financial news
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New Credit Suisse President Horta-Osório Says Banking Crisis Worst He Has Ever Seen
New Credit Suisse chairman António Horta-Osório told investors the recent banking crisis was the worst he has seen in his career.Speaking at an annual meeting yesterday, the former Lloyds boss told investors the situation at…
Why elephants don’t breakdance, by ‘Tope Fasua
Godwin Emefiele, Governor of the Central Bank of Nigeria (CBN) leading the response to the country's dollar shortage. With the CBN movement, we pray that First Bank finds some peace. But more generally, we…
First Bank Crisis – Why Elephants Don’t Breakdance – by Tope Fasua
FIRST BANK CRISIS - WHY ELEPHANTS DON'T BREAKDANCEBy Tope FasuaApril 29, 2021Founded by the owner of Elder Dempster Agencies, Alfred Lewis Jones in 1894, the British Bank of West Africa was!-->!-->!--div>-->!--id="cse-search-box"-->!--form>…
Nigeria: First banking crisis – Why elephants don’t breakdance
It is a main bank that nothing should shake. The regulator is therefore attentive to its development. With the CBN movement, we pray that First Bank finds some peace. But more generally, we hope our smart people who run banks will…
Lorain County GOP Commissioners Shamelessly Recover Money From Food Bank, Crisis Shelter, Others:…
ELYRIA, Ohio - Julie Chase-Morefield was delighted to learn in late December that her nonprofit, Second Harvest Food Bank of North Central Ohio, would soon receive a $ 4.6 million share from Lorain County, after his agency would have…
Exposing the Yes Bank crisis
India's economy was booming in 2004, and “India Shining” seemed like a fitting slogan to capture thought. At that time, a non-bank finance company requested (and received) permission to operate as a private bank. Thus was born 'Yes…
Big lessons from the Lakshmi Vilas bank crisis for customers: change accounts at the first sign of…
Whether it was PMC Bank or LVB or any other financial institution in difficulty, the financial situation of these banks was deteriorating steadily.By Raj KhoslaThe Lakshmi Vilas Bank (LVB) crisis shocked hundreds of thousands of troubled…
RBI’s handling of the Lakshmi Vilas bank crisis: wiser after previous crises
Banking sector news has rarely been good in recent years: Ballooning non-performing assets, strained balance sheets, stories of unscrupulous lending and poor corporate governance have all clouded the Indian banking sector. Despite credit…