Swiss bank UBS (UBSN.VX) faces a fine of about $1 billion next week to settle charges of rigging the Libor interest rate benchmark, a person familiar with the situation said on Thursday. Such a penalty would be more than double the $450 million fine levied on British bank Barclays (BARC.L) […]
Author: InvestAdvocate
Shareholders Endorse New Commercial Banking Structure for UBA
Press Release Lagos Nigeria: December 13, 2012: Shareholders of United Bank for Africa (UBA) Plc have approved the internal restructuring and reorganisation of the capital of the Bank and its members in compliance with the Central Bank of Nigeria (CBN)’s Regulation on the Scope of Banking Activities and Ancillary Matters, which […]
IOSCO intensifies securities markets development efforts
The International Organisation of Securities Commission has said that efforts are being made to boost the global securities market. According to the commission, this has become imperative if the global economy is to have the right global institutional structures in place for the tasks at hand and the profound market […]
