Five big U.S. banks accused of abusive mortgage practices have agreed to a $25 billion government settlement that may help roughly one million borrowers but is no magic bullet for the ailing housing market. Thursday’s announcement brings an end to 16 months of negotiations that culminated in a tense week […]

Nigeria’s First City Monument Bank said on Friday it has completed the acquisition of rescued lender Finbank, which it says will double its branch network and customer base.  FCMB shares were up almost 4 percent on Friday at 4.10 naira per share.  The mid-size lender has won all necessary regulatory […]

Press Release The Nigerian Stock Exchange in partnership with Morgan Stanley, a Global Institutional Securities and Wealth Management firm,will be conducting the maiden edition of its Investors’ Clinic Series on February 15, 2012 in Lagos. The one-day clinic will have in attendance top retail investors from Dealing Member firms across […]