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Lagarde says ECB will do what is needed to secure financial stability

  Bloomberg The European Central Bank will do everything in its power to safeguard the stability of prices and the financial system in the euro area, according to President Christine Lagarde. While it’s too early to judge the overall economic impact of Russia’s invasion of Ukraine, persistent uncertainty will likely drag on investment and consumption and impede growth, Lagarde told ...

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Nigerian banks name clients with suspicious dollar deals

Bloomberg Nigerian lenders have started exposing names of customers allegedly obtaining dollars by false pretense, to later trade them at a profit in the parallel market. Some customers have been found to be taking advantage of a lucrative 37% differential between the official and black market exchange rates by obtaining the greenback at the official rate of about 416 naira ...

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Scotiabank to start a full return in April

  Bloomberg Bank of Nova Scotia will allow workers to come back to the majority of its Canadian offices on a voluntary basis on March 14, with a 10-week, phased return starting on April 11. Most employees will return on a hybrid basis, with different groups deciding which activities to conduct remotely or in person, according to an emailed statement ...

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