The Central Bank of Nigeria has directed all deposit money banks to stop the cashing of third-party cheques above N150,000 over the counter in all the states starting from June 1, 2013. The apex bank in a circular on Monday said it had been observed that the policy had succeeded […]
Author: InvestAdvocate
SEC nominee White promises “unrelenting” enforcement
Mary Jo White, the nominee to head the Securities and Exchange Commission, plans to tell lawmakers on Tuesday that she will bring a “bold and unrelenting” enforcement program to the agency if she is confirmed by the Senate. “Investors and all market participants need to know that the playing field […]
AIG shareholders win class-action status in lawsuit versus U.S.
Two groups of American International Group Inc (AIG.N) shareholders won class-action status from a federal judge on Monday in a $25 billion lawsuit by former Chief Executive Maurice “Hank” Greenberg over alleged losses caused by the U.S. government’s bailout of the insurer. U.S. Court of Federal Claims Judge Thomas Wheeler […]
