David Nangle

Alior’s Main Holder Said to Pick UBS for Sale of 30% Stake

Alior Bank SA’s main shareholder, Carlo Tassara SpA, is working with UBS AG to sell at least 30 percent of the bank that held Poland’s biggest initial public offering last year, three people familiar with the matter said.

Warsaw Equity Market Driven by Banking Asset Sales

Warsaw equity sales in January, the largest in Europe, beat the total value of last year’s deals and will rise more with a KBC Groep NV sale as Poland boosts investments to spur the economy and lenders shore up finances.

Pekao Sinks Most in 2 Years on UniCredit Stake Cut: Warsaw Mover

Bank Pekao SA, Poland’s second- biggest lender, dropped the most in more than two years after UniCredit SpA said it was selling as much as 9.1 percent of its local unit to free capital and increase earnings.

Second-Tier Nigerian Banks to Gain on Amcon Plan, Renaissance Capital Says

Shares in Nigerian banks such as Skye Bank Plc , Access Bank Plc , Diamond Bank Plc and First City Monument Trust Bank Plc are poised to gain after the state-owned company that will buy bad debts from lenders provided more detail on how it will operate, Renaissance Capital said.

RTS Futures Rise as Norilsk Gains on Stimulus: Russia

Russian stock futures climbed and OAO GMK Norilsk Nickel rose for a fourth day in New York on speculation the Federal Reserve will approve monetary stimulus that will fuel demand for commodities.

VTB Second-Quarter Profit Rises to Record on Higher Lending

VTB Group, Russia’s second-biggest bank, more than doubled second-quarter profit to a record as it boosted lending and recorded fewer bad loans.

Nigeria to Buy $14.6 Billion of Toxic Debt, More Than Previously Forecast

Nigeria will buy 2.2 trillion naira ($14.6 billion) of bad debts from commercial banks by the end of the year, the central bank said, raising its previous forecast.

Sberbank Preferred Stock Falls as Gref Says No Conversion

Preferred shares of OAO Sberbank, Russia’s biggest lender, fell to a seven-month low after Interfax reported Chairman German Gref signaled the securities will not be converted into ordinary shares in the near future.

Renaissance Reinitiates Coverage of 9 Nigerian Banks on Polls

Renaissance Capital, the Russian emerging-markets bank with operations in Africa, reinitiated coverage of six Nigerian banks with “buy” ratings after the end of general elections in Africa’s most populous nation.

Nigeria Stocks Rise Most in 4 Months; First Bank Gains on Renaissance Buy

Nigeria’s stocks gauge rallied the most in four months, led by Dangote Cement Plc and First Bank of Nigeria Plc , the nation’s third-biggest lender, which Renaissance Capital rated “buy” in reinitiated coverage.

"The past two months have been heavy with bank share placements in Poland and cash is tight."

- David Nangle on Jan 30, 2013

Renaissance Capital

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Russia

Poland

Sharif’s Muslim League Leads in Landmark Pakistani Vote

Icahn Asks Investors to Make Big Bet on a Debt-Laden Dell

Former Jets Wide Receiver George Sauer Dies, N.Y. Times Says

Greenhouse Gases Hit Threshold Unseen in 3 Million Years

Bernanke Sees Important Risks in Wholesale Funding