Fitch Ratings believes that the recent alleged irregularities raised by the Financial Reporting Council (FRC) into Stanbic IBTC Holdings Plc’s financial reporting for 2013 and 2014, have not affected the propensity of its South African majority shareholder – Standard Bank Group Limited (SBG), to its subsidiary if required. The ratings agency explained in a statement […]
No change in Standard Bank’s support for Stanbic IBTC over FRCN sanction – Fitch
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