The Editorial Team |

May Under Fire From Tories in Hunt for Brexit Compromise (

LONDON (Capital Markets in Africa) – Both Theresa May’s government and the opposition Labour Party said Sunday that their talks represented the best chance of finding a Brexit solution and ending months of deadlock. But even as David Lidington, May’s de facto deputy, said there was common ground between the two sides, a former leader of May’s Conservative Party called on her to end the discussions, pull Britain out of the European Union and then resign as…

Corbyn Government as Bad for Banks as a Hard Brexit, Citi Says

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LONDON (Capital Markets in Africa) – Jeremy Corbyn being elected U.K. prime minister would be just as damaging to British banks’ profits as the country crashing out of the European Union without a withdrawal agreement, according to Citigroup Inc. While London-listed bank stocks have recovered from last year’s lows as the risk of a “no-deal Brexit” gradually subsides, a snap election is becoming more likely as lawmakers in Westminster remain unable to agree on a future…

Barclays Activist Stands Firm on Investment Bank Criticism

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LONDON (Capital Markets in Africa) – The activist investor challenging Barclays Plc’s management responded to last week’s rebuff with an olive branch, saying that “mutual goodwill” could deliver a major increase in value — while repeating his opposition to the lender’s plans for its investment bank. Edward Bramson, whose Sherborne Investors vehicle holds a 5.5 percent interest in Barclays stock, said in a letter published Monday that “we have consistently assisted boards that were initially reluctant…

This Brexit Delay Is a Bond Market Opportunity: Marcus Ashworth

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LONDON (Capital Markets in Africa) – With the EU divorce now months away, there’s plenty of time for the yield-hunters to swoop on U.K. corporate bonds. Brexit hasn’t gone away – it’s just resting – but the six-month extension agreed with the European Union could turn out to be a capital markets opportunity. The search for yield is the overriding theme for bond investors this year, and U.K. markets are no exception. From that perspective the window…

Libor Replacement to Be Focus as Global Regulators Meet in D.C.

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LAGOS (Capital Markets in Africa) – Libor isn’t gone yet, but global financial regulators want to make sure everyone understands that the scandal-tarred benchmark may be on its way out and that they are prepared to embrace an alternative rate. The need for transition away from the London interbank office rate will be the focus of a discussion in Washington on Wednesday led by Randal Quarles, the Federal Reserve’s bank supervision chief and head of the Financial…

How Protesters Ended Sudan Leader’s 30-Year Rule: QuickTake

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KHARTOUM (Capital Markets in Africa) – Omar al-Bashir led a military coup that kicked off Sudan’s Islamic revolution in 1989. Now, after three decades in charge, he has been pushed out after a wave of nationwide protests over soaring prices for food, medicine, fuel and transport. The 75-year-old ruler, who was indicted in 2009 by the International Criminal Court for alleged war crimes and genocide in the country’s Darfur region, had insisted he would only leave office if he lost elections in…

Sudan’s Dictator Is Toppled, but Its Regime Remains: Eli Lake

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Now the rest of the world must redouble its support for the popular movement still fighting for freedom. KHARTOUM (Capital Markets in Africa) – The ouster of Sudanese President Omar al-Bashirshould be a moment for celebration: one of the world’s worst villains, driven from power after waves of popular protest. Ideally, after a few weeks of house arrest spent hearing from the families of people he had tortured and murdered, he should be sent off to the International…

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