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.
INTEREST rates will not rise until well after the general election, the Bank of England has signaled, as it warned that inflation may soon fall below 1 per cent.
COST of doing business in Ghana is expected to go up following the Monetary Policy Committee (MPC) of the Bank of Ghana (BoG) decision to increased its policy rate from 19% to 21%.
GHANA’S government will from January next year declare war on high interest rates being charged by all the commercial banks and other financial institutions in the country.
MONEYGRAM, a global money transfer and payment services company, is investing in business growth in East Africa as well as in the health of communities it serves.
THE United Bank for Africa (UBA) Board Chairman, Tony O Elumelu, has announced the donation of $1million, to assist the fight against Ebola, currently present in three West African countries, where UBA does business: Sierra Leone, Liberia and Guinea.
GHANA’S Agricultural Development Bank Ltd (ADB) has formally presented two fully-furnished three-bedroom houses to Lemuel Martey, the 2012 National Best Farmer and Alhaji Karim Awudu, 2013 National Best Farmers.
CURRENCY and banking analysts have slammed the Economic Community of West African States (ECOWAS) for its frequent postponement of the deadline for the adoption of a single currency.
INVESTORS are calling on Standard Chartered to come clean on its need to raise billions of pounds in capital amid a warning that Peter Sands, the bank’s chief executive, has only months to turn the business around.
MOODY’S Investors Service has today downgraded to Baa2 from Baa1 the foreign-currency long-term issuer ratings of two South African development finance institutions, Development Bank of Southern Africa (DBSA), and Industrial Development Corporation of South Africa (IDC).
