By Udeme Ekwere The losses being recorded in the Nigerian capital market have reached a new height as the market capitalisation of the listed equities plunged by a staggering N1.39tn in the last three months. Specifically, between June 1, 2011 and last Monday, which was the last trading day in […]

By Jeremy Gaunt, European Investment Correspondent LONDON (Reuters) – Global investors slashed their holdings of equities below 50 percent this month and piled into cash, reflecting what was lining up to be the worst August for world stocks since 1998. They also lifted exposure to bonds in North America, Britain […]

By Agency Reporter The Federal Deposit Insurance Corporation filed an objection to Bank of America Corporation’s proposed $8.5bn mortgage-bond settlement with investors, joining investors and states that are challenging the agreement. Bloomberg reported on Tuesday, that the FDIC, the receiver for failed banks, owns securities covered by the settlement and […]