Author: The Editorial Team

NEW YORK (Capital Markets in Africa) — Jerome Powell has a goal that is bigger than the bond market’s near-term inflation concern. In perhaps his most forthright press conference since taking the helm of the central bank three years ago, the Federal Reserve chair this week laid out three critical messages for investors who have been propelling bond yields higher on the bet inflation would eventually force his Fed to tighten monetary policy faster than…

NEW YORK(Capital Markets in Africa) — The Federal Reserve will let a significant capital break for big banks expire at month’s end, denying frenzied requests from Wall Street that it extend the relief to mitigate any impacts to the financial system and the $21 trillion Treasury market. The reprieve that was granted last April — a response to coronavirus that allowed lenders to load up on Treasuries and deposits without setting aside capital to protect…

LAGOS(Capital Markets in Africa) — Nedbank Group Ltd. expects to resume dividends this year after joining rival Absa Group Ltd. in scrapping payouts for 2020, with the South African bank likely to enjoy a profit boost this year. The Johannesburg-based lender also set a target to improve return on equity in the medium term to levels better than the 15% achieved in 2019 and sees earnings growth of more than 20% in the first half…