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Lawsuit against Nigeria presidential candidate to settle

  Bloomberg Adversaries in a Nigerian lawsuit in which a leading presidential candidate is accused of secretly controlling the private company that collects taxes in the state he once ran are discussing an out-of-court settlement. Oladapo Apara, a founder of Alpha Beta Consulting LLP, alleges that Bola Tinubu concealed his control of the firm. In the early 2000s, as governor ...

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BofA doubles green bond goals, adds people to build ESG in Asia

Bloomberg Bank of America Corp (BofA) aims to double its underwriting of green bond deals in China over the next two to three years, beefing up its business to capture the fast-growing market, the firm’s China head said in an interview. The Charlotte, North Carolina-based bank plans to underwrite $50 billion of green and sustainability-linked bonds, equities and loans for ...

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Citigroup to expand Russia retreat beyond consumer-banking exit

  Bloomberg Citigroup Inc., the US bank with the largest presence in Russia, will broaden its withdrawal beyond previously announced plans to dispose of consumer operations there. “We have now decided to expand the scope of that exit process to include other lines of business and continue to reduce our remaining operations and exposure,” Edward Skyler, executive vice president of ...

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