Recent Posts

Nordea CEO pledges dividend growth

  Bloomberg Nordea Bank AB underscored its intention to hand shareholders bigger dividends each year amid speculation it may need to hold more regulatory capital after underestimating the risk in its corporate loan book. The bank paid 64 euro cents per share in 2015, more than doubling payouts to investors since 2010. After backtracking in January on a pledge to ...

Read More »

Italy to weigh US$44billion banks injection after EU referendum

  Bloomberg Italy is considering injecting capital into some lenders after the U.K.’s vote to leave the European Union sparked a selloff among banks already hurt by investor concerns tied to their bad loans, according to people with knowledge of the discussions. The government is weighing measures that may add as much as 40 billion euros ($44 billion), said one ...

Read More »

PPC gets banks to back 4bn-rand share

  Bloomberg PPC Ltd., South Africa’s largest publicly traded cement maker, said it received 4 billion rand (US$263 million) of bank guarantees to underwrite the sale of shares to existing investors, adding to facilities it received last week to redeem bonds. A group of lenders including Standard Bank Group Ltd, Nedbank Group Ltd, FirstRand Ltd’s Rand Merchant Bank and Barclays ...

Read More »
Send this to a friend