Money Market

Global Banks Face 25% Loss-Absorbency Rule in FSB Plan

Oct 7, 2014/Bloomberg The largest global banks will have to hold more capital and liabilities than previously reported that can automatically be written off in a crisis — as much as a quarter of risk-weighted assets — as regulators take on lenders deemed too big to fail. The Financial Stability […]

Ecobank CEO May Not Seek Extension, Says Board to Commence Search for Replacement

By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-Albert Essien, chief executive officer of Pan-Africa lender, Ecobank Group said on Sunday that he would not seek an extension to his tenure and that the board would soon commence a formal search process for a successor, a Reuters report said. In March Essien was […]

Ecobank to Halt Africa Expansion-CEO

By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-Pan-African lender Ecobank Group has said it will halt its strategy of rapid expansion across Africa and focus on existing businesses, especially in Nigeria, Ghana, Angola and Kenya, Albert Essien,  chief executive officer said on Sunday according to a Reuters report. The report said Essien […]