Wednesday, July 17, 2019

Big Banks Plead Guilty To Market Manipulation, Will Pay $5.8 Billion

The age of multibillion-dollar bank fines with no admission of wrongdoing is over. The Justice Department announced Wednesday morning that five banks pleaded guilty...

Banks Rule the World, but Who Rules the Banks?

These days, it is already a truism that the hegemony of the US is based on the Federal Reserve System’s (FRS) printing press. It...

Migration and Development: The $100 billion idea

Later this year the Financing for Development summit will take place in Addis Ababa. The discussion will focus on the post-2015 agenda and the...

Banking Africa’s Unbanked – Time For A Reality Check

Plenty of progress has been made on increasing the size of Africa’s banked population. The trouble is, from the amount of noise that is...

Vacancies: African Development Bank Group – Nigeria

There is an ongoing recruitment into different positions at the African Development Bank Group (AfDB). The African Development Bank Group is a multilateral development...

CBE’s remittance revenue outweighs income from direct international trade

Ethiopia gets USD 3.63 billion from remittances sent via the state owned Commercial Bank of Ethiopia (CBE) until the third quarter of the budget...

Turkish central bank to remunerate dollar reserves

The implementation will start as of May 5th Turkey’s Central Bank announced on Saturday that it will remunerate dollar-denominated required reserves, reserve options and free...

Can Nigeria’s Adesina snatch top AfDB job

The African Development Bank (AfDB) may be about to get its first president from its biggest shareholder – Nigeria. Africa’s largest country, which holds 9.3%...

Ethiopia: Court to Hear Witnesses on 5m Br Suit against Xpress Money, Abyssinia Bank

Bank of Abyssinia was sued as a second defendant for posting the pictures in all of its branches across the country The Lideta Federal High...

IMF nations point to exchange rate, geopolitical risks

The International Monetary Fund's member nations on Saturday warned of risks to the global economy from exchange rate shifts and geopolitical tensions as they...

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Somaliland Politicians Call For Massive Demonstrations Against The Saudi Kingdom, Switch to Iran, Qatar

Two Somaliland politicians, both of them top ex-leaders of the national armed movement which brought down the brutal military regime of General Siad Barre...

Viral FaceApp challenge ‘forbidden’, Muslim scholar says

An Islamic scholar has condemned a social media trend that has swept the Middle East and much of the world, arguing it goes against...

Somalia: Al Shabaab Picks Up Operations, Visibility

Determined to re-emerge as the only credible force to reckon with in business, in social activities and in security, the Al-Qaeda affiliated Somalia-based Al-Shabaab...