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Standard Bank Group Limited Sponsored ADR (South Africa), also called Standard Bank, is a holding company, which engages in the business of providing banking and financial services. It offers transactional banking, saving, borrowing, lending, investment, insurance, risk management, wealth management, and advisory services. Read More It operates through the following business units: Personal and Business Banking; Corporate and Investment Banking; Central and Other; Banking Activities; Other Banking Interests; and Liberty. The Personal and Business Banking business unit offers banking and other financial services to individual customers and small to medium sized enterprises. The Corporate and Investment Banking business unit provides corporate and investment banking services to governments, parastatals, larger corporate, financial institutions and international counterparties. The company was founded in 1969 and is headquartered in Johannesburg, South Africa. SGBLY is listed on the Pink Current market tier. OTC market data is provided by OTC Markets Group, Inc (otcmarkets.com).
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Yahoo FinanceMar 13
Ghana's Foray Into Eurobond Market Comes at a Tricky Time
(Bloomberg) -- Ghanaian officials are preparing to meet fixed-income investors in the U.S. and London this week as they look to issue a Eurobond.
SAP Accused of ‘Improper Conduct’ Over East Africa Contracts
In 2015, another South African company, Standard Bank Group Ltd., ran into trouble in Tanzania when U.K.-based unit ICBC Standard Bank Plc was asked to pay about $33 million to resolve an investigation into bribery at its former Tanzanian unit. The deferred prosecution agreement related to a $6 million payment by former sister company of Standard Bank, Stanbic Bank Tanzania, in March 2013. The payment was intended to encourage Tanzania’s government to favor the bank in a private placement....