Sunday 13 July 2014

BMB set to repay $75m loan early

BMB Investment Bank will repay the outstanding balance of $28.5 million on its $75 million syndicated loan on Friday, four months ahead of schedule. The bank had to extend this loan when it faced a credit squeeze in 2002 but chief executiv


CS sees early end to subprime crisis

The worst of the banking crisis resulting from the subprime meltdown is likely to be over in months rather than quarters, Credit Suisse chief executive Brady Dougan has said. Dougan said he was an optimist and it could take three, four, fi

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