Nigeria's 'bad bank' aims to issue bonds to the value to N2200bn ($15bn) as the country's central bank tries to recapitalise rescued banks and restore lending.
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Paul Calello
December 8, 2010Paul Calello, the chairman of Credit Suisse's investment bank, who died last month aged 49, after a 14-month battle with cancer, was a pioneer in the industry.
Group ups Iraq investment
December 8, 2010Global private equity group MerchantBridge has launched an equity fund in Iraq and plans to close a deal of up to $100m in Saudi Arabia in early 2011.
Standard Chartered and AgBank boost strategic co-operation
November 24, 2010One of China's largest banks, Agricultural Bank of China (AgBank), and UK-based bank Standard Chartered have strengthened ties with a joint venture aimed at deepening strategic co-operation.
Financial experience of chairmen decreases at top 25 European banks
November 24, 2010Recent financial experience among board chairpersons of the top 25 European banks has decreased since the financial crisis. According to the annual report from governance specialists, Nestor Advisors, only 64% of chairpersons in the segment in 2010 had relevant financial experience, down from 80% in 2007.
Trade finance banks say Basel III will damage world trade
November 24, 2010International business will become significantly more expensive if the impending Basel III regime does not make allowances for trade finance, bankers fear.
Ukraine bounces back following $2bn Eurobond issues
September 29, 2010Emerging again: Ukraine has posted positive financial news
Ukraine has made a successful return to the capital markets after raising $2bn. The government issued two separate Eurobond issues, a 10-year $1.5bn placement with a 7.8% coupon, and a five-year $500m one at 6.9%. The move marks a rapid change in fortunes of the country after the government asked the International Monetary Fund (IMF) for funds as recently as August this year.