The Top 25 Banks in Africa and the Middle East based on Tier 1 Capital in 2009 are listed below. This ranking is part of the annual World’s Top 1000 Banks published by the The Banker magazine based in London,UK. Source: The Banker Standard Bank Group Ltd. of South Africa trades on the U.S. OTC …
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Often called as “the Lucky Country” Australia is blessed with plenty of natural resources and wonderful weather. Similar to the Canadian banking system, the Australian banking system is stable and was least affected during the financial crisis.Australia has many of the commodities such as coal that the growing economies of China and India desperately need. …
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In a post last month, I discussed about the success of the Troubled Asset Recovery Program (TARP) to the U.S. By July of this year, the US government had received $22.7 billion in interest, dividends, sale of warrants, stocks and other income. The graphic below shows that the TARP has been profitable to the U.S. …