Hard Money Loans

News that the Bank of Ireland would be able to meet its capital requirements and not need a government takeover caused an investor rally that saw shares rise by more than 36 percent. View full post on Banking Stories

Vittorio Hernandez – AHN News Manila, Metro Manila, Philippines (AHN) – The Philippine Central Bank said Monday it may reduce remittance forecasts for 2011 because of the political developments in the Middle East and the natural calamity in Japan that would impact the ability of overseas Filipino workers to send money home. Prior to these [...]

IRIN Staff – IRIN IRIN Staff COLOMBO, Sri Lanka (IRIN) – As the Sri Lankan government launches a cash-for-work program in areas hit by recent flooding, following similar schemes in the former conflict areas in the north, experts warn of potential pitfalls of such schemes. The new program will be operating in 12 northern and [...]

Tejinder Singh – AHN News Correspondent Washington, D.C., United States (AHN) – Nobel laureate and micro-finance visionary Muhammad Yunus on Monday lambasted political moves of Bangladeshi government to grab Grameen Bank and turn it into a political “Vote Bank.” Addressing a microcredit conference in Washington via video link Yunus said, “We hope we can survive [...]

Vittorio Hernandez – AHN News London, England, United Kingdom (AHN) – Lloyds Banking Group Chief Executive Eric Daniels admitted Monday there is a small “millionaires’ club” in the company. Its members are nine employees who earn more than $5.1 million (GBP 3.4 million), which is Daniel’s pay and bonus in 2009. Daniel’s basic salary is [...]

Vittorio Hernandez – AHN News Ottawa, Ontario, Canada (AHN) – The Bank of Canada announced Tuesday that it is keeping key lending rates unchanged at 1 percent. The decision was expected by analysts, even if there is a growing clamor for the Canadian central bank to hike the rates soon. Despite the bank’s forecast of [...]

AHN News Staff Washington, United States (AHN) – Deutsche Bank has been ordered to pay a fine of $554 million, an amount that the Internal Revenue Service (IRS) failed to collect through taxes and interests. The fine was imposed on the bank after it confessed of helping rich people to evade themselves from the U.S. [...]

Bank of America agreed Tuesday to a $137.3 million settlement for state fraud cases. The federal government said the bank defrauded schools, hospitals and other state and local organizations through municipal bonds that it raised for localities to pay for public services. View full post on Banking Stories

The Media Line Staff Gaza, Palestinian Territory (TML) – In the lobby, a pair of workers is hanging large portrait photographs of Yasser Arafat and Mahmoud Abbas, while outside a construction scaffolding sits close by the front entrance, but otherwise the West Bank’s first five-star hotel is open for business. Banners advertising the Palestinian stock [...]

AHN News Staff London, England, United Kingdom (AHN) – Hong Kong and Shanghai Banking Corp. plans to double the basic pay of senior investment banks to get around tightening European Union rules on bonus payouts. Those who will benefit from the scheme are HSBC bankers in London, New York and Hong Kong. In exchange for [...]