By Dr Charles Omole FIRST A GLOBAL PERSPECTIVE The exploitation of customers by their banks is a global phenomenon. In the USA, 6.5 percent of households are unbanked, meaning they don’t have a bank account at all. Half of those affected report it’s because the fees are too expensive. JPMorgan Chase, for […]
Category: Extra
Traders Take Profit on Nigerian Eurobonds Ahead of US FED Rate Decision
By Zedcrest Yields trended higher in the NGERIA Sovereign space as some expectations for a more than a quarter point rate cut by the US FED faded, following the fairly positive US Q2 19 GDP results (2.1% actual vs 1.8% consensus). Yields were consequently higher by c.7bps on the day, with the 47s […]