U.S. authorities are considering arresting two former JPMorgan Chase & Co employees for their alleged role in masking $6.2 billion “London Whale” losses, according to two people familiar with the situation. In the latest twist in a scandal that has tainted the reputation of the largest U.S. bank and led […]
Author: InvestAdvocate
SAC to Keep Managing Money While Facing Indictment
Federal prosecutors and the investment firm SAC Capital Advisors agreed on Thursday to a protective order that requires the firm to keep most of its money in its fund while operating under a criminal indictment, according to a person briefed on the case. The order serves a dual purpose, preserving […]
Asset-backed financing will deepen capital market – Expert
In order to deepen the capital market and ensure financial stability in the country, there is the need to introduce asset-backed financing on a large scale, the Managing Partner, Perchstone and Graeys, Mr. Osaro Eghobamien, has said. According to him, the introduction of asset-backed financing and, consequently, as asset-backed bonds, […]
