THE National Bank of Canada has acquired a 9.5% stake in AfrAsia Bank, a leading Mauritius bank, with the aim of further increasing its shareholding in the near future.
Category: Finance
King Abdallah Of Saudi Arabia Fights Ebola
THE Custodian of the Two Holy Mosques, Saudi Arabia’s King Abdallah bin Abdulaziz al-Saud has extended a grant of US$35 million to help fight Ebola in West Africa.
Ghana: $2.029 Billion World Bank Projects Cash Lock Up @MDAs
A whopping US$2.029 billion, approved by the World Bank for 22 projects in Ghana, is reportedly locked at the various Ministries, Departments, and Agencies (MDAs) in the country.
Global Leaders In Islamic Banking Storm Bahrain
INDUSTRY titans, pioneers and global leaders in the international Islamic banking and finance industry will take part in the 21st Annual World Islamic Banking Conference (WIBC 2014), which is set to commence on the 1st of December 2014 at the Gulf Hotel in the Kingdom of Bahrain.
Ecobank Ghana Cashing In On TTB Merger
ECOBANK Ghana Limited, a subsidiary of Ecobank Transnational Incorporated (ETI), says after two years of its historic merger with The Trust Bank (TTB), it is poised to deliver maximum returns to its investors.
Central Bank Investigates Its Own Staff Over Forex Scandal
THE Bank of England has been plunged into fresh controversy with revelations that it is investigating its own staff for possible market manipulation at the height of the financial crisis.
BoE: Bank Boards Should Defer Less To Committees, Outside Experts
BANKING executives are more worried about staying on the right side of the letter of the law than they are about properly policing their companies’ behaviour, an official at the Bank of England has claimed.
Bankers Lie For Financial Gain, Say Scientists
SWISS researchers have come up with what they say is compelling scientific evidence that bankers lie for financial gain.
Quarterly Reporting Quietly Comes To An End
The Financial Conduct Authority has quietly scrapped the rule requiring public firms to release interim management statements, as part of the Government’s push to encourage more long-term thinking in the stock markets.
Five Banks Fined £2bn For Rigging Forex Market
FIVE of the world’s largest banks, including HSBC and Royal Bank of Scotland, have been fined more than £2 billion by US, UK and Swiss regulators after admitting some of their traders had attempted to manipulate the $5.3 trillion-a-day foreign exchange market.