Culled—Proshare November 30, 2016/FBNQuest Research Nigeria’s proposed floating exchange-rate regime will not emerge until large and steady supplies of fx from autonomous sources complement the CBN’s modest sales to the market. At this point, confidence would return, offshore players would re-enter local securities markets in sizeable numbers and fx would […]
Money Market
Societe Generale partners with American Express in Africa
November 30, 2016/Societe Generale. Societe Generale (www.SocieteGenerale.com) announces that it has signed a merchant acquiring partnership with American Express (www.AmericanExpress.com) in eight countries in Sub-Saharan Africa where the Bank operates. These countries include Benin, Burkina Faso, Cameroon, Chad, Guinea, Ivory Coast, Madagascar and Senegal. The agreement involves both online sales […]
Fitch: US Banks 2017 Outlook Backed by Strong Capital, Liquidity
(This statement was made by Fitch Ratings Agency on November 29, 2016) Link to Fitch Ratings’ Report: 2017 Outlook: U.S. Banks Fitch Ratings-New York-29 November 2016: Rating and sector outlooks for US banks will remain stable for 2017, backed by strong capital and liquidity and solid asset quality, says Fitch […]
