Nigeria’s president has asked former Goldman Sachs investment banker Mustafa Chike-Obi to run a state-owned “bad bank” to absorb the non-performing loans of nine institutions rescued in a $4 billion bailout a year ago. View full post on All Stories

Most requests for finance are turned down not because clients are a poor credit risk but because they have approached their bank ill-prepared.  Get ahead by communicating the right information first time:   CASHFLOW – Provide data that shows you understand and can manage your working capital (debtors, creditors and stock) and that the cash [...]

ORIGIN OF MERCHANT BANKING  Merchant banks, now so called, are in fact the original “banks”. These were invented in the middle Ages by Italian grain merchants. As the Lombardy merchants and bankers grew in stature on the back of the Lombard plains cereal crops many of the displaced Jews who had fled persecution in Spain [...]