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Commercial Banks News

Ghana: Nation to Retool Its Economy As It Attains Middle-Income StatusWednesday, July 20, 2011 @ 4:25AMGhana, which moved from low-income to lower middle-income status this month, according to World Bank country classifications, is expected to retool its agro and gold dominated economy.

China's financial industry reports shortage of talentWednesday, July 20, 2011 @ 4:21AMWhile regulations are being finessed for the launch of the Shanghai international board, which would allow foreign companies to list on the Chinese mainland for the first time, attention is also being focused on one crucial element: a chronic lack of skilled financial professionals.

Scenarios: Possible impact of a Greek ratings defaultWednesday, July 20, 2011 @ 4:17AMLONDON (Reuters) - As euro zone officials tackle the debt crisis, they must weigh the threat of any downgrade of Greek debt ratings to default or selective default, which would add fuel to the contagion that has taken hold of bigger euro zone economies in recent weeks.

Biz Briefing: IMF Raises Debt Crisis StakesWednesday, July 20, 2011 @ 4:12AMThe International Monetary Fund (IMF) has called on Europe to take urgent action to prevent a eurozone meltdown, ahead of tomorrow's crucial summit on Greece's debt crisis.The global crisis lender ...

Nigeria: Reps Summon Sanusi Over Withdrawal LimitsWednesday, July 20, 2011 @ 4:10AMControversy over the proposal by the Central Bank of Nigeria (CBN) and the bankers' committee to limit cumulative daily cash withdrawals and lodgements in the country from June next year continued to play out as yesterday, the House of Representatives summoned the Central Bank of Nigeria (CBN) governor, Malam Sanusi Lamido Sanusi, to appear before it to give explanations on the contentious ...

Commercial Mortgage Source Recently Expanaded its Commercial Mortgage LendingWednesday, July 20, 2011 @ 4:02AMCommercial Mortgage Source, a Chicago based Commerial Mortgage company recently expanded its lending practices and service to nationwide borrowers for commercial real estate.Chicago, IL (PRWEB) July 20, 2011 Recently, Commercial Mortgage Source (CMS), a Chicago based lending company, expanded its commercial lending operations in an effort to provide significantly more commercial mortgage ...

Reliance Life exploring strategic equity partner among banksWednesday, July 20, 2011 @ 4:00AMBy Arvind Padmanabhan ,Hong Kong, July 20 : Reliance Life Insurance Company, India's largest in terms of policies sold, intends to sell strategic equity to a commercial bank and hopes to soon conclude a 26-percent equity sale to Japan's Nippon Life for $680 million.

Malaysia Is Third Largest Investor In CambodiaWednesday, July 20, 2011 @ 3:57AMPHNOM PENH, July 20 (Bernama) -- Malaysia has become the third largest investor in Cambodia with its investments in the country amounting to US$3.4 billion from 1980.

BofA reports $9.1 billion 2Q loss; investors worriedWednesday, July 20, 2011 @ 3:49AMNEW YORK — Things keep getting worse for Bank of America. On Tuesday, the nation's largest bank reported a loss of $9.1billion during the second quarter, partly due to an $8.5 billion settlement with investors.