* Wema to become national lender again * Bank was one of nine that nearly collapsed during a crisis (Adds details, background) (Reuters) – Nigerian regional lender Wema Bank said on Thursday it will complete a 35 billion naira ($220 mln) private share placement to strategic investors by the end […]
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NAICOM Approves Old Mutual’s Acquisition of Oceanic Life Insurance
The National Insurance Commission (NAICOM) has sanctioned the acquisition of Oceanic Life Insurance Limited, a former subsidiary of the defunct Oceanic Insurance Company Limited by a leading South African insurer, Old Mutual. The new entity is to be known as Old Mutual Nigeria Life Assurance Company Limited (OMNiLAC). Under the […]
UPDATE 2-Credit Suisse to pay $400 mln to end U.S. bond lawsuits
* Arizona, AllianceBernstein, Lloyds, MetLife, Pimco settle * Credit Suisse reduces Q4 profit by 134 mln Swiss francs * Jury selection was to begin March 28 By Katharina Bart and Nate Raymond Credit Suisse Group AG has agreed to pay at least $400 million to settle lawsuits by investors over […]
