August 8, 2018 By Investadvocate Lagos (INVESTADVOCATE)-Nigeria’s top tier lender, Guaranty Trust Bank Plc (GTBank) said on Wednesday its pretax profit for the half-year (H1) period ended June 30, 2018 climbed up 8.4 percent to N109.6 billion from N101.10 billion recorded a year ago. Similarly, profit after tax (PAT) increased […]
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SEC Charges Fixed Income Trader with Entering Fictitious Sales to Avoid Brokerage Firm’s Inventory Limits
August 8, 2018/US SEC On August 6, 2018, the Securities and Exchange Commission charged Salvadore D. Palermo, a trader formerly employed by J.P. Turner & Company, L.L.C., with entering fictitious sales of market-linked certificates of deposit (MLCDs) in order to avoid J.P. Turner’s inventory limitations for the fixed income products. […]
Bond Market Bounces Back from Previous Day Selloff
Culled—Proshare August 8, 2018/Zedcrest Capital ***DMO to Sell N90bn FGN Bonds Next Wednesday*** KEY INDICATORS Indicator Value Commentary Inflation 11.23% As at July 23, 2018, 38bps down from 11.61% recorded in May 2018. MPR 14.00% Next MPC meeting scheduled for September 24 & 25, 2018 External Reserves $46.81bn As atAugust […]
