| Gulf Finance House to unveil its five year strategic plan at a ...
Dr. Fuad Al Omar, Chairman of Gulf Finance House (GFH), today announced that a strategic review of the investment bank's business and future prospects has been completed and a five year strategic plan is ready to be presented to the investment bank's shareholders during investor relations roadshows starting in Kuwait on 10 April. At a press conference held at the Kuwait Stock Exchange, Dr Fuad delivered an outline of the investment bank's history and future prospects: "In the relatively short period of only seven years, GFH has grown to become an acknowledged leader in Islamic investment banking generally and in the business of development infrastructure in particular. Whatever metric you use, GFH today is at the top of the performance league table of investment banks in the GCC, and is amongst the leaders in the rest of the world.
Heritage Capital Credit Corporation First Quarter Update
WILMINGTON, Del.--(BUSINESS WIRE)--Heritage Capital Credit Corporation (OTC:HCPC) is pleased to provide shareholders with a summary update regarding the BCLOC Trust Pool 2007-1. Heritage, through its subsidiary Independent Capital Credit Corporation, is making substantial progress toward completing the due diligence necessary to pre-close commercial loans for delivery to the lender, BCLOC Trust Pool 2007-1, which is expected to fund the loans, once they are all pre-closed in the attorney's escrow title companies. BCLOC Trust Pool 2007-1 is a special purpose entity which currently expects to make in excess of $700 million of commercial asset backed loans. Concurrently, the BCLOC Trust Pool 2007-1 sponsor is in talks with an investment banking firm, which is expecting to finalize the due diligence on the pool of loan documents to be delivered to attorney's title escrow companies for pre-closing, before the BCLOC Trust issues securities to fund the Pool.
Jefferies Adds Healthcare Research Analyst
NEW YORK, April 10 /PRNewswire/ -- Jefferies & Company, Inc., the principal operating subsidiary of Jefferies Group, Inc. (NYSE:JEF) , today announced the hiring of Peter J. Bye as a Managing Director and Senior Equity Research Analyst covering medical devices & diagnostics companies. Mr. Bye has nearly a decade of experience in healthcare research and joins Senior Equity Research analyst, Mark J. Richter, to further expand Jefferies' coverage of these rapidly growing industries. Jefferies' global coverage of the healthcare sector includes biotechnology, facility-based services, healthcare IT services, specialty services and supplies, managed care, pharmaceutical services, and specialty pharmaceuticals. Jefferies' broader focus on the global healthcare sector also includes six dedicated securities traders and nearly 35 investment banking professionals focused on healthcare services and life sciences.
US bank gives N39bn to 16 Nigerian banks
The United States Export-Import Bank (Ex-im) has approved a $300 million (N39 billion) facility for 16 Nigerian banks for onward lending to Nigerian businessmen who buy American goods and services. The consolidated facility will expedite the processing of short-and medium-term Ex-im fina-ncing for the purchase of American exports to Nigerian buyers. The initiative followed an Ex-im Bank study of the 16 banks, assessing the impact of the recent consolidation in the banking industry on financing opportunities in the Nigerian market. The American bank had given 14 Nigerian banks various facilities of not less than $10 million each late last year and added two others to the list last month. The first batch of the 14 Nigerian banks reviewed are: Access Bank, Afribank, Diamond Bank, Ecobank, First Bank, Guaranty Trust Bank, Intercontinental Bank, Investment Banking & Trust Company, Nigerian Inter-national Bank, Oce-anic Bank, Standard Chartered Bank Nigeria, Stanbic Bank Nigeria, Union Bank, and Zenith Bank.
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