China’s fifth-largest lender, Bank of Communications Company Limited will raise $8.9bn to meet tighter capital requirements by placing shares with existing shareholders such as HSBC and the country’s finance ministry. Bloomberg News reported on Thursday, that China was set to see a flurry of fund-raising this year, with state-run China […]

Worried by the rapid roll-out of Exchange Traded Funds in major markets in the last few years, the International Organisation of Securities Commissions has advised stock exchanges to tread with caution. This, according to the commission, is because of the huge risks associated with those kinds of funds in the […]

With less than 14 days to the commencement of charges on cash deposits and withdrawals above N150,000 and N1m for individuals and corporate bodies respectively in Lagos State, the Central Bank of Nigeria has said it will reduce the service charge and increase the transaction limit for individuals. The Deputy […]