Uncategorized

IMF: tax banks or risk renewed crisis

Larry Elliott in Washington and Jill Treanor, Friday 8 October 2010  The International Monetary Fund demanded new bank taxes and tougher financial supervision today warning that a return of “business as usual” risked sowing the seeds of the next crisis.Dominique Strauss-Kahn, the IMF’s managing director, said two new taxes on banks […]

Ecobank Opens Dubai Office

10.08.2010    Ecobank has announced the opening of a representative office in Dubai, in a move calculated to facilitate capital flows between the Middle East and Africa .A statement by the bank quoted its Chief Executive, Arnold Ekpe as having said that with an increasing number of African businessmen sourcing […]

Deutsche Bank publishes its takeover offer for Postbank

October 8, 2010   Deutsche Bank has published the terms of its bid to take over the whole of retail bank Postbank. Germany’s largest bank plans to fund the acquisition with the 10.2bn-euro (£8.9bn, $14bn) capital increase it successfully completed on Wednesday.   Deutsche Bank currently owns a 30% stake in […]