The Nigerian capital market continues its recovery from the 2008 financial crisis, thanks to reforms and initiatives by the regulators. However, one major failing looms large – the market depth remains shallow, SIMON EJEMBI writes At the start of 2013, many capital market analysts were modest in their outlook for […]
Tag: Regulators
Nigeria’s GTBank Acquires 70% Stake in Kenyan Bank
By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)- Nigeria’s Guaranty Trust Bank Plc (GTbank) Tuesday announced it has acquired 70 percent (70%) in Fina Bank Limited, Kenya with subsidiaries in Uganda and Rwanda. GTBank in a notice to the Nigerian Stock Exchange (NSE) following its letter dated July 16, 2013 informing the […]
Banks pay for past sins as U.S., Europe levy record fines
U.S. and European regulators fined banks record amounts this year, imposing penalties and settlements of more than $43 billion as authorities work more closely across borders to clean up the financial sector. Banks in the United States and Europe are paying for misconduct that includes mis-selling U.S. mortgage bonds, rigging […]
