Standard Chartered PLC (STAN.L), DBS Group Holdings Ltd (DBSM.SI) and HSBC PLC (HSBA.L) have submitted first round bids for Societe Generale’s (SOGN.PA) Asian private bank valued at $600 million, people involved in the sale told Reuters. SocGen, France’s second-largest bank by market capitalization, is selling the unit as part of […]
Tag: Reuters
Insight: Pre-electoral feuding threatens Nigeria’s economy
In Nigeria, as elsewhere, foreign exchange markets can be a barometer of internal strife, so when central bank governor Lamido Sanusi noticed a surge in dollar demand at forex bureaux in July, he feared something was amiss. The bank found tens of billions of naira was traded for dollars in […]
Exclusive: Microsoft investors push for chairman Gates to step down
Three of the top 20 investors in Microsoft Corp are lobbying the board to press for Bill Gates to step down as chairman of the software company he co-founded 38 years ago, according to people familiar with matter. While Microsoft Chief Executive Steve Ballmer has been under pressure for years […]
