By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-Christine Lagarde, Managing Director (MD) of the International Monetary Fund (IMF) has lambasted the United States (US) Congress for non-implementation of the 2010 Quota and Governance Reform. “I am disappointed that necessary steps could not be taken to implement this important governance reform. The world […]
Author: InvestAdvocate
Unity Bank gets ‘BBB’ rating
Two rating agencies, Global Credit Ratings and Data Pro Limited have affirmed the long term national scale rating of ‘BBB’ assigned to Unity Bank Plc, with the bank’s outlook considered as stable. The rating is an indication that the bank has adequate protection factors and considered sufficient for prudent long […]
JPMorgan profit hit by Madoff, weaker investment banking
JPMorgan Chase & Co posted a 7.3 percent decline in quarterly profit on Tuesday, as legal woes and weak demand for investment banking services capped off a tough year for Chief Executive Jamie Dimon. The largest U.S. bank had $1.1 billion of legal expenses in the fourth quarter, about $850 […]
