Tag: Regulators

Despite impressive growth, capital market fails to attract top firms

The Nigerian capital market continues its recovery from the 2008 financial crisis, thanks to reforms and initiatives by the regulators. However, one major failing looms large – the market depth remains shallow, SIMON EJEMBI writes At the start of 2013, many capital market analysts were modest in their outlook for […]

Nigeria’s GTBank Acquires 70% Stake in Kenyan Bank

By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)- Nigeria’s Guaranty Trust Bank Plc (GTbank) Tuesday announced it has acquired 70 percent (70%) in Fina Bank Limited, Kenya with subsidiaries in Uganda and Rwanda. GTBank in a notice to the Nigerian Stock Exchange (NSE) following its letter dated July 16, 2013 informing the […]

Banks pay for past sins as U.S., Europe levy record fines

U.S. and European regulators fined banks record amounts this year, imposing penalties and settlements of more than $43 billion as authorities work more closely across borders to clean up the financial sector. Banks in the United States and Europe are paying for misconduct that includes mis-selling U.S. mortgage bonds, rigging […]