LAGOS - Nigeria's stock exchange .NGSEINDEX is reviewing applications from some leading global investment banks to join its trading floor, as reforms aimed at improving liquidity and transparency bear fruit, its CEO said on Wednesday. Bourse CEO Oscar Onyema told the Reuters Africa Investment Summit in Lagos that a return of ... Read More
L-R: Partner, Strachan Partners, Mr. Rahman Oshodi;Head (Clients' Services), Monbasab Ventures Inc. Mrs. Bioldun Ogunbanjo; Commissioner of Police, Special Fraud Unit and Key Note Speaker, Mr. Tunde Ogunsakin; Chief Responsibility Officer, Vanguard Capital Managers Ltd., Mr. Yaqoub Okponobi; and Chief Executive Officer, Monbasab Ventures Inc.Mr. Gbola Rahmon duuring a ... Read More
Employees take a Lehman Brothers company sign into Christie's in London for auction. (AFP/File - Ben Stansall) LONDON: British and US banking regulators proposed on Monday a joint strategy to ensure that the bankruptcy of big banks won't spark a chain reaction of contagion throughout markets. The two bodies, acting on ... Read More
Posted By admin1 On December 11th 2012. Under BUSINESS & ECONOMY, WORLD Tags: banking, British bank Standard Chartered, finance, Libya and Sudan, Standard Chartered, Standard Chartered to pay US$327m to settle US sanctions probe, Treasury's Office of Foreign Assets Control (OFAC), United States, US, US sanctions on Iran as well as on Myanmar, US Treasury .
WASHINGTON: British bank Standard Chartered will pay the United States $327 million to settle charges it violated US sanctions on Iran as well as on Myanmar, Libya and Sudan, the US Treasury announced Monday. US authorities said the bank had stripped messages on financial transfers routed through US banks of information ... Read More
SHANGHAI: Chinese banks boosted lending in November from October, official figures showed Tuesday, as Beijing seeks to preserve the budding recovery in the world's second largest economy. Chinese banks extended 522.9 billion yuan ($83.9 billion) in new loans last month, up from 505.2 billion yuan in October, the central bank said ... Read More