Failed Banks News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Nigeria may need to take another look at some of the measures recommended by the National Economic Intelligence Committee (NEIC).

The Nigeria Deposit Insurance Corporation, NDIC, has restated its commitment to ensuring that those who contribute to the failure of banks are properly

Following the heightened public outrage over recent scandalous activities of the corruption-spewing national social investment programme, IMOLEAYO

In a deal arranged by the Federal Deposit Insurance Corp., the Pittsburgh bank has bought a portfolio from the wreckage of Signature Bank. The purchase should help PNC expand its fund banking business, which helps private equity firms manage liquidity and finance investments in the short term.

AMCON is about to wind up with about N5trn toxic loans dumped on the CBN by bankers who are regarded as pillars of society and whose banks report record profits and declare huge dividends. They refuse to clear the mess they left with CBN on account of reckless loans they granted until 2009. Elsewhere in the world, governments would have ensured that the banks cleared their toxic loans which resulted in the 2008 banking crisis.