Stocks fell on Wednesday with the S&P 500 stalled near a 10-month-old high after weak data on Europe’s business activity raised concerns about a recession. The S&P has been unable to convincingly pierce the 1,360 level, a high hit last May and a key resistance point that could spark further […]

JPMorgan Chase & Co., Citigroup Inc., Bank of America Corp. and more than a half dozen other major banks are being hit with a new lawsuit over $949 million in residential mortgage-backed securities. A summons was filed Tuesday by Sealink Funding Ltd, an Irish entity that oversees risky RMBS, in […]

The Nigerian naira strengthened further against the U.S dollar on both the interbank market and official forex window on Wednesday, supported by dollar inflows from oil company sales and offshore interest in treasury bills.  The naira closed at 157.45 to the dollar at the interbank, firmer than the 157.60 naira […]