Showing posts with label TBTF banks. Show all posts
Showing posts with label TBTF banks. Show all posts

Thursday, November 14, 2013

CBN Classifies 8 Nigerian Banks As TBTF "Too Big To Fail"



First Bank of Nigeria Limited, Guaranty Trust Bank Plc (GTBank), Zenith Bank Plc, United Bank for Africa Plc (UBA), Access Bank Plc, Skye Bank Plc, Ecobank Nigeria and Diamond Bank Plc have been designated by the Central Bank of Nigeria (CBN), as “too big to fail”, owing to the fact that their failure could pose a systemic risk to the banking industry and the larger economy.

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