JPMorgan Chase & Co sacrificed investment chief Ina Drew on Monday in response to trading losses that could reach $3 billion or more and which have tainted the reputation of the bank’s high profile chief executive Jamie Dimon. The biggest bank in the United States by assets said Drew, its […]

Three top executives involved with a failed hedging strategy that cost JPMorgan Chase & Co at least $2 billion and tarnished its reputation are expected to leave the bank this week, sources close to the matter said on Sunday. The bank – the biggest in the United States by assets […]

The Central Bank of Nigeria has sold a total of N147.05bn ($932.91m) in treasury bills, ranging from three months to one year with high demand from investors pushing yields lower. The CBN, on Thursday, sold N32.05bn worth of the three-month paper at a return of 13.19 per cent, lower than […]