Money Market

Fitch: Japan’s ‘Mega’ Banks Could Issue USD50bn in TLAC by 2019

9/7/2017/Fitch Ratings Japan’s three mega banking groups – SMFG, MHFG and MUFG – could issue as much as USD50 billion in securities eligible for total-loss absorbing capacity (TLAC) standards by fiscal year end-March 2019 (FYE19), according to Fitch Ratings’ latest estimates. This will allow the banks to meet TLAC requirements, […]

Fitch: Cyclical Pressure on APAC Banks Easing; High Debt a Risk

10/7/2017/Fitch Ratings Some of the cyclical pressures faced by Asia-Pacific (APAC) financial systems are beginning to ease, owing largely to a revival in global trade and a strong start to the year in China. However, high private-sector debt remains a risk to financial system stability and bank performance across much […]

CBN Injects $142.5m into Forex Market

Culled—Proshare July 11, 2017/CBN The Central Bank of Nigeria (CBN) on Monday, July 10, 2017, injected a total of $142.5 million into the inter-bank foreign exchange, days after intervening in the retail segment of the market with the sum of $254.3million. A breakdown of the Monday’s intervention indicates that the […]