Stakeholders in the capital market are awaiting the approval of the Securities and Exchange Commission (SEC) to approve the harmonised Complaint Management Framework (CMF) expected to make the process of complaints handling more efficient and investor friendly. Currently, investors resort to as many as six different places to lay their […]
Author: InvestAdvocate
US fines ‘Hezbollah’ bank $102 mn for laundering
A Lebanese bank accused of laundering money from drugs and other operations for clients tied to Hezbollah militants agreed Tuesday to pay US authorities $102 million to settle the charges. Beirut-based Lebanese Canadian Bank was singled out in February 2011 for allegedly moving hundreds of millions of dollars for criminal […]
Senegal to issue $500 mln 10-yr Eurobond in 2013 – IMF
Senegal is likely to issue a $500 million 10-year Eurobond this year at an interest rate of about 6 percent, the International Monetary Fund said in a report on Tuesday, though market watchers said the yield might have to be higher. The IMF said the bond would enable the West […]
