London can breathe easy – it will continue to be the financial lungs of Europe, according to Barclays chief executive Jes Staley. While he admits the bank may have to move some activities to bases in Dublin or Germany, he believes that most of their European banking business can continue to be done from the … Read more
By: Randolph Rodrigues, Head of Investment Banking, Stanbic Bank Randolph Rodrigues is the Head of Investment Banking at Stanbic Bank. He has extensive experience in the financial services industry and in particular in Mergers & Acquisitions, having previously worked with Credit Suisse and Morgan Stanley in the US as well as in Corporate Finance as … Read more
UT bank has resumed trading shares on the Ghana Stock Exchange (GSE) with a 208,100 volume traded at a share price of 0.0 3 pesewas on the bourse as at 1pm today. This gives the bank the highest volume traded so far for 2017 after the bank was halted by the GSE on January 5, … Read more
UT bank has resumed trading shares on the Ghana Stock Exchange (GSE) with a 208,100 volume traded at a share price of 0.0 3 pesewas on the bourse as at 1pm today. This gives the bank the highest volume traded so far for 2017 after the bank was halted by the GSE on January 5, … Read more
A 33-year-old outsourced worker of Stanbic Bank Ghana has been declared wanted by the Ghana Police Service for allegedly defrauding scores of customers of the bank of more than GHc 900,000. The suspect, Martha Amakye, who is said to be an outsourced worker from Noswall Management Service, a recruitment agency, absconded after the Financial Crime … Read more
A 33-year-old outsourced worker of Stanbic Bank Ghana has been declared wanted by the Ghana Police Service for allegedly defrauding scores of customers of the bank of more than GHc 900,000. The suspect, Martha Amakye, who is said to be an outsourced worker from Noswall Management Service, a recruitment agency, absconded after the Financial Crime … Read more
A 33-year-old outsourced worker of Stanbic Bank Ghana has been declared wanted by the Ghana Police Service for allegedly defrauding scores of customers of the bank of more than GH¢900,000. The suspect, Martha Amakye, who is said to be an outsourced worker from Noswall Management Service, a recruitment agency, absconded after the Financial Crime Control … Read more
Fidelity wants to stay true to its vision of being the best place to bank for its customers Fidelity Bank has introduced a dollar denomination of its flagship product, the Fidelity Lifestyle Investment Plan (FLIP) account. The move is part of its resolve to offer customers alternative products and services that give clients the opportunity … Read more
The Agricultural Development Bank (ADB) is today expected to begin trading on the Ghana Stock Exchange after having successfully raise about GHc325.7 million in its Initial Public Offer (IPO). With a total applicant of 405, adb sold out 122,937,718 ordinary shares with majority going to the institutional shareholders. The Retail applicant’s total shares bought represents … Read more
The President of McOttley Holdings, Richard Dugan, has stated that the key to organizational growth is strategic mentorship. Mr. Dugan was speaking in an interview after he was awarded as the Manager of the year at Prime Business Destination forum and awards organized by European Business Assembly in Germany. At the award ceremony, McOttley Capital … Read more
Russia is betting oil prices will stay low for a long time. President Vladimir Putin’s government has just set a draft budget for the next three years based on the assumption Russia will be able to sell its oil for $40 a barrel. That’s $10 below current world prices. Russia is the second biggest oil … Read more
The US Department of Justice is asking Deutsche Bank to pay $14bn (£10.6bn) to settle an investigation into mortgage-backed securities, the bank has said. Deutsche Bank said it “has no intention to settle these potential civil claims anywhere near the figure cited.” The claim against Deutsche, which is likely to be the subject of negotiations … Read more
The world’s biggest investment banks saw combined revenues sink by 15 per cent in the first half of this year, the most since the aftermath of the financial crisis, underlining the urgency of taking radical measures to boost returns to shareholders. The second quarter saw more activity than the first, where there were simultaneous falls … Read more
Kweku Adoboli was a successful young trader for the Swiss Bank UBS based in London when his world fell apart in 2011. In a series of disastrous trades, many hidden from view, he ran up losses totalling a staggering $2.3bn (£1.74bn) and almost brought down his bank. He was eventually imprisoned for almost four years … Read more