Nigeria sold 95.56 billion naira ($589.1 million) in three-month and six-month treasury bills, the central bank said on Friday, as strong demand pushed yields to their lowest level in seven weeks. It sold 30.16 billion naira of 91-day paper at 13.75 percent at Wednesday’s twice monthly auction, down from 14.09 […]
Author: InvestAdvocate
Bank of England says took Geithner Libor views on board
The Bank of England confirmed on Friday it had received U.S. recommendations to overhaul the Libor benchmark at the heart of a global rate-rigging scandal, saying it had passed them on to the banking group responsible for the rate. Documents obtained by Reuters earlier on Friday showed that U.S. Treasury […]
JPMorgan says trading loss grew to $4.4 billion
JPMorgan Chase, the largest bank in the United States, said Friday that its loss from a highly publicized trading blunder had grown to $4.4 billion in the most recent quarter, more than double the bank’s original estimate of $2 billion. The bank also said that it was reducing its net […]
