Hard Money Loans

Saying the world needs to work harder to save biodiversity and the Earth’s ecosystems, World Bank Group President Robert B. Zoellick on Thursday announced two programs to help in that effort. View full post on Banking Stories

AHN News Staff London, England, United Kingdom (AHN) – The bank tax imposed Thursday by the British coalition government will be just 0.04 percent, which is lower than expectations. Because the levy on bank balance sheets would raise just about $3.75 billion (2.5 billion pounds), the government has been accused of going soft on banks. [...]

Outgoing Chamber of British Industries Director General Richard Lambert has joined the growing global chorus against excessive bank pay. Lambert called on Monday for a global ceasefire on bank pay and warned that financial institutions will seem arrogant and out of touch if they insist on very high bonuses for bank executives. View full post [...]

The nation’s largest bank, Bank of America, on Friday halted foreclosures in all 50 states, becoming the first major bank to take that action. View full post on Banking Stories

French investigators have handed over to the Canada Revenue Agency the details of about 1,800 Swiss bank accounts owned by Canadians. The accounts are among those discovered by French authorities who investigated clients of the Hong Kong and Shanghai Banking Corporation (HSBC). View full post on Banking Stories

Bank robberies fell slightly in the second quarter, according to the FBI. Criminals continued to prefer Fridays for their activities, which usually involved a demand note. View full post on Banking Stories

AHN News Staff Rome, Italy (AHN) – The prosecutors in Italy have launched an investigation into top executives of the Vatican Bank for violating money laundering laws and freezed $30 million in assets from the Istituto per le Opere di Religione. Authorities also ordered an inquiry against the group’s Chairman Ettore Gotti Tedeschi. Responding to [...]

Jeehan Fernandez – AHN News Writer Bradenton, Florida, United States (AHN) – Horizon Bank based in Bradenton was shut down Friday by the Florida Office of Financial Regulation and received by the Federal Deposit Insurance Corporation (FDIC) to protect depositors. The closure listed Horizon Bank as the 119th FDIC-insured institution to fail nationwide this year [...]

AHN News Staff Toronto, Ontario, Canada (AHN) – The slump in global tourism has hit Canadian banks which has substantial investments in countries such as Jamaica and the Bahamas that thrive on visitors. As the number of tourists in those countries dwindle, resorts and other tourism-related establishments heavily dependent on tourism income are downsizing. Some [...]

A business loan is an agreement between your business and a lender in which you agree to pay an interest rate on a specific amount of capital borrowed over a specified period of time. As we have discussed earlier, a business loan works very much in a similar fashion to a mortgage. You are lent [...]