HSBC, UBS exit from Nigeria is a bad indicator – Experts

A foremost financial and economics expert, Mr Bismarck Rewane, has described the exit of two global banks, HSBC and UBS, from Nigeria as a bad indicator. Also, the Managing Director/Chief Executive Officer, Cowry Asset Management Limited, Mr Johnson Chukwu, also said Nigeria should be worried about the development. The Central Bank of Nigeria said in […]

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HSBC posts higher Q3 profit as Asian pivot pays off

HSBC said Monday that its profit rose in the third quarter as a sweeping corporate overhaul aimed at winning more business in Asia paid off. The London-based global bank said pretax profit rose to $4.6 billion in the July-September period, a more than fivefold increase from $843 million a year ago. It reported net income […]

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