Developing countries lost nearly $1 trillion to fraud, corruption and shady business transactions in 2011, vastly outpacing the foreign aid they received and the pace of dirty money leaving emerging nations is accelerating, a new report found. Illicit finance leaving the 150 developing countries totaled $946.7 billion in 2011, up […]
Author: InvestAdvocate
Infinity Trust lists on NSE, woos investors
Infinity Trust Mortgage Bank on Wednesday listed its entire ordinary shares on the Nigerian Stock Exchange to become the second company to be listed on the NSE in 2013. Computer Warehouse Group Limited was the first to get listed on November 15, 2013. In a ‘Facts behind the listing’ presentation, […]
Criminal action expected for JPMorgan in Madoff case: NYT
JPMorgan Chase & Co (JPM.N) and federal authorities are nearing settlements over the bank’s relationship with convicted Ponzi schemer Bernard Madoff, striking tentative deals that would involve about $2 billion in penalties and a rare criminal action, the New York Times reported. The settlements would fault the bank for […]
