A U.S. banking regulator’s probe into JPMorgan’s (JPM.N) hiring practices in China will have rival banks scrambling to review their own records, lawyers say, in a market where ties to political and business leaders can be key to winning big deals. Banks around the world commonly hire people with government […]
Tag: Banks
Nigerian banks lure S’African lenders
Nigerian banks are rebounding from a record discount to lenders in South Africa as growth prospects for the continent’s two largest economies diverge. Investec Asset Management says the rally has further to run, according to a Bloomberg report on Friday. The Nigerian Stock Exchange Banking 10 Index has increased 19 […]
Fitch: Nigerian banks are unlikely to repeat 2012 profit highs
(The following statement was released by the rating agency) Nigerian banks are unlikely to see a repeat of their robust 2012 profits because of increasing pressure on earnings, Fitch Ratings says. Tougher regulations together with higher funding costs are likely to constrain profitability over the next 18 months. The central […]
