Access Bank Plc yesterday launched a highly successful $400 million seven-year Tier 2 capital issuance, which is callable at the end of five years. This transaction follows the bank’s highly successful $350 million five-year senior debt issued in 2012. The bank recently got shareholders’ approval to raise $1 billion capital […]
Author: InvestAdvocate
Interest rate cut not feasible now – Bankers’ Committee
The Bankers’ Committee on Tuesday said that it might be difficult for the Central Bank of Nigeria to achieve lower interest rates for the country owing to the current macroeconomic environment. The committee, at the end of its 316th meeting held at the headquarters of the CBN in Abuja, specifically […]
Ex-Goldman director goes to prison, still owes $13.9 million fine
Former Goldman Sachs Group Inc (GS.N) director Rajat Gupta on Tuesday began serving his two-year prison term for insider trading, and lost his challenge to a $13.9 million civil penalty and permanent ban from acting as a public company officer. Gupta, 65, reported to FMC Devens, a medical facility and […]