Five U.K. banks must find 13.4 billion pounds ($21 billion) to plug a 27.1 billion-pound capital shortfall by the end of the year, the Bank of England said. The five lenders, including Barclays Plc (BARC), Lloyds Banking Group Plc (LLOY) and Royal Bank of Scotland Group Plc (RBS), have already […]
Author: InvestAdvocate
Fitch Says Nigeria Rating Hindered as Government Progress Slows
Slowing progress on government reforms before 2015 elections in Nigeria, Africa’s second-largest economy, is keeping the country from getting a better credit rating, according to Fitch Ratings. “We are clearly in a pre-election period now in Nigeria and we have seen a slowdown on the reform front,†Richard Fox, Fitch’s […]
INVESTMENT ONE Acquires 100% Stake in Royal Trust Pension
By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)- INVESTMENT ONE Financial Services Limited (Formerly GTB Asset Management Limited) Wednesday announced it has acquired a 100 percent (100%) stake in Royal Trust Pension Fund Administrators Limited (RT PFA) the firm said in a statement. Charles Sanni, Managing Director (MD) of RT PFA said […]
