Author: InvestAdvocate

Finance ministers seek global economic solutions

By GABRIELE STEINHAUSER and HARRY DUNPHY WASHINGTON (AP) — Under pressure from skeptical financial markets, the world’s economic powers are scrambling to keep Europe’s debt crisis from tumbling out of control. Finance ministers and central bankers are pushing for bold action by the Group of 20 nations to get the […]

UBS CEO Gruebel resigns over rogue trading loss

GENEVA (AP) — Swiss bank UBS says its chief executive has resigned over a $2.3 billion rogue trading loss. The bank says its Europe chief Sergio P. Ermotti will take over as interim chief executive until Gruebel’s replacement is appointed. UBS board president Kaspar Villiger said in a statement Saturday […]

Nigeria’s CBN endorse UBA, Stanbic IBTC, GTBank 11 others for Mobile Money

By InvestAdvocate Lagos (INVESTADVOCATE)-The Central Bank of Nigeria (CBN) has endorsed the United Bank for Africa Plc (UBA), Guaranty Trust Bank Plc (GTBank), Stanbic IBTC and 11 other Mobile Money Firms. A Source close to InvestAdvocate made the list of the Company’s available via e-mail. The 11 other Mobile Money […]