Uncategorized

Government warns banks over bonuses and dividend payouts

    Tuesday 27 July 2010    Vince Cable today issued a clear warning to the City that the government would be carefully scrutinising bonuses and dividend payouts, just days before the major high street banks begin publishing their latest profit figures.   The business secretary said banks should be […]

Naira records mixed fortunes at forex market

  TUESDAY, 27 JULY 2010 BY TOSIN FODEKE   The naira gained strength at the foreign exchange market yesterday, following sufficient supply by the Central Bank of Nigeria (CBN), but weakened at the interbank market due to banks’ reluctance to sell dollars in the market.   At the Whole Dutch […]

Asian stocks up on results of Europe’s bank tests

  Asian stocks rise on better-than-expected results of Europe’s bank ‘stress tests’   Pamela Sampson, Associated Press Writer, On Monday July 26, 2010, 1:12 am EDT BANGKOK (AP) — Asian stock markets posted moderate gains Monday following reassuring news that most European banks passed much-anticipated “stress tests,” suggesting the continent’s […]