Posted on December 17, 2008 by Fortune&Class
Standard & Poor’s (S&P) world’s leading international credit risk rating agency, has assigned ngA+/ngA-1 long and short term Nigeria national scale ratings to Intercontinental Bank Plc, the first to be assigned to any corporate organization operating in Nigeria.
These ratings according to the statement by S & P in London last weekend, affirm Intercontinental [...]
Filed under: BusinessNEWS | Tagged: USA, intercontinental bank, london, liquidity profile, standard & poor's (S&P), nigeria rating, leading international credit risk rating agency, nga+/nga-1, nigeria national scale ratings, intercontinental bank plc, creditworthiness, high economic risks, bb-, nigerian bank, sovereign rating, liquid asset cushion, loan-to-deposit ratio, august 31 2008, cash and money market, total assets, mathew pirnie, good presence, retail deposit portfolio, good capital position, strong market position, fitch rating, national long-term ratings, a+, bank of the year, african banker magazine, world bank, financial brand, washington dc, it infrastructure, financial services institutions, 300 branch network, emeka anaeto, corporate communication | Leave a Comment »
Posted on December 17, 2008 by Fortune&Class
Bernard Madoff, a quiet force on Wall Street for decades, was arrested and charged last week Thursday with allegedly running a $50 billion “Ponzi scheme” in what may rank among the biggest fraud cases ever Reuter has reported.
The former chairman of the Nasdaq Stock Market is best known as the founder of Bernard L. Madoff [...]
Filed under: BusinessNEWS | Tagged: $50 billion fraud, apple, bernard l. madoff, bernard l. madoff investment securities llc, bernard madoff, biggest fraud, biggest fraud in history, cincinnati stock exchange, consistent returns, dan horwitz, dell, doug kass, ebay, enron, financial services industry, giant ponzi scheme, hallmark, jon najarian, last week wednesday, lock and key, manhattan, nasdaq omx group inc, nasdaq stock market, new york apartment, optionmonster.com, ponzi scheme, seabreeze partners management, SEC, securities fraud, split strike conversion, us federal bureau of investigation, us prosecutors, wall street veteran, website, www.fnc0486.wordpress.com | Leave a Comment »
Posted on December 17, 2008 by Fortune&Class
Financial crises, past and present
Past financial crises had very different effects on the real economy. Although the lessons of the past don’t give much cause for optimism, they do provide hints on how companies should prepare this time around.
By David Cogman & Richard Dobbs
Financial crises occur with surprising frequency—in every decade in the [...]
Filed under: BusinessNEWS | Tagged: 20th century, 9 000 financial institutions, asian financia crisis, asian financial crisis, bank of england, banking crisis, bankruptcy, blind executives, bureau of economic analysis data, capital expenditures, case-shiller housing index, commercial mortgages, companies, company standpoint, consumer and corporate confidence, corporate investment fell, cross border mobility, current upheaval, david cogman, debt-service ratio, economic stimulus, economy's financial system, equity, european union, fdic, federal controls, federal deposit insurance corporation, finance working capital, financial crises, financial economy, government assitance, great depressions, harvard's joint center for housing studies, high levels of bank leverage, house price index, housing and mortgage markets, imf, indonesia, industry environment, international monetary fund, investors, japan during the 1990s, local banking system, local currency terms, malaysia, massive deflation, mckinsey, misguided policy response, mortgage debt financed, non residential, nonfinancial economy, office of federal housing oversight, optimism, overprepare, p/e, philippines, pre-crisis trend time, price-to-earnings, progressive deleveraging of the economy, protracted economic downturn, real economy, real estate market bubble, recession, richard dobbs, s&l crisis, south korea, special feature, thailand, United States, us banks, us conomy, us dollar terms, us farm debt, us financial institutions, us gdp, us residential property, us unemployment, what does the future hold?, what should companies do? | 1 Comment »
