Money Market

Standard Chartered to Recruit 1,000 Extra Staff in Africa

By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-Standard Chartered Bank on Tuesday said it will recruit about 1,000 more staff to its workforce in Africa in the next few years, according to a Reuters report. The report said the proposed 1,000 staff to be hired by the lender is an increase of […]

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 […]