Archive for January 6th, 2012

Scottish banking history

Friday, January 6th, 2012

The Financial Services Authority’s current analysis of the downfall of the Royal Financial institution of Scotland delivered shivers on the backbone of those that can remember the eager feeling within Edinburgh in those days.
It was [...]

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Capital Concurrently Was Borrowing a Combined $3. Five Million from Two Stockholders

Friday, January 6th, 2012

The firm also had financial loans outstanding to 14 employees amassing $4.81 million by that date, with rates of interest as little as .five percent, based on the annual report.
WJB Capital concurrently was borrowing a combined $3.5 million from two stockholders, Rothfeld and co-founder Michael N. Romano, at rates of interest of 10 % to [...]

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