Omar Bongo the President of Gabon, who is on record as the world’s longest serving leader since the retirement of Cuba’s Fidel Castro had some of his accounts in France freezed at the the behest of the French judiciary. A French court in the city of Bordeaux ordered Bongo’s accounts to be forfeited in payment […]
Iceland Nationalizes Third Major Bank, Halts Stock Trading
In a move to prevent its teetering economy from falling into bankruptcy, Iceland ceased all trading on its stock exchange until Monday, and took over Kaupthing, the country’s largest bank. Awash in Red On Thursday, Kaupthing, Iceland’s largest bank, became the third of the country’s top three banks to be taken over by Iceland’s Financial […]
World Bank denies loans to Burma
Despite reports that some of the members of the Burmese military junta had stashed millions of dollars for their own interests, the country is reeling under pressures to repay its outstanding loans to the World Bank which it failed to comply until today. With the country now needing massive reconstruction efforts after the cyclone destroyed […]
Leading bank stops Issuing loans for Farm equipments
India’s largest bank, State Bank of India stops issuing loans to the farmers for buying farming equipment like tractor,power tiller etc as NPA(non performing asset)under this section is highest than other section. In a circular issued last Friday from Mumbai, bank has mentioned the rising of non performing asset in this section ( currently Rs […]
PTA Bank gives Air Malawi Seven Days to Pay back a US$7.9m Loan
The Preferential Trade Area (PTA) Bank has given the about to be liquidated Air Malawi seven days to repay a K1.1 billion (US$7.9 million) loan the airline got in 2005. Air Malawi used the loan to purchase a Boeing 737-300 Aircraft which it was recently trying to use as collateral for a loan in […]
4 Steps that You Should Take on Payday
There are things that everyone does the day that they get paid. Whether they get a direct deposit from their employer, or they have to take a check to the bank, the first thing that many people do is pay everyone that they can with that paycheck. But there are some things that you should […]
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