Disgraced Wall Street titan and philanthropist Rajat Gupta was sentenced to two years in prison on Wednesday, a much lighter sentence than U.S. prosecutors had demanded, by a judge who called his insider trading crimes “disgusting” and “a terrible breach of trust.” Gupta was also ordered to pay a $5 […]
Author: InvestAdvocate
CBN examines banks’ compliance with lending guidelines
The Central Bank of Nigeria has commenced a risk-based examination or management of loan portofios of Deposit Money Banks to check inherent risks in their operations, investigation has revealed. Our correspondent gathered from a reliable source on Tuesday that the test, which was ongoing, was scheduled to hold for six […]
Prison, $7 billion fine for French rogue trader
Paris appeals court sends Societe Generale trader to prison, orders him to pay back $7 billion A former junior trader for France’s second-largest bank who was ordered Wednesday to pay back a staggering €4.9 billion (about $7 billion) in damages to his ex-employer is painting himself as the victim of […]
