Internal reviews by banks in Singapore have found evidence that traders colluded to manipulate rates in the offshore foreign exchange market, according to a source with knowledge of the inquiries. The discovery widens a global lending rate scandal into new markets, as fallout from the Libor case puts banks under […]
Author: InvestAdvocate
Maduka Axed From Access Board As CBN Fines Bank For Making Fraudulent Loans
The Central Bank of Nigeria (CBN) has forced Mr. Cosmas Maduka, the Managing Director of Coscharis group, out of his non-executive directorship position at Access Bank Plc. The CBN also fined the bank N3 million naira for serially violating lending rules which put the bank and its shareholders at risk. Mr. Maduka […]
Oteh/Maina: National Assembly Will Enforce its Position, Says Ndoma-Egba
Senate Leader Victor Ndoma-Egba has said that the National Assembly would use the powers at its disposal to ensure compliance with its resolutions on the sack of Director General of the Securities and Exchange Commission, Aruma Oteh, and arrest of the chairman of the Presidential Task Force on Pension Funds, […]
