PMorgan Chase (JPM.N) said it has appointed Barry Sommers, under whom the bank expanded its services to wealthy clients, to head its Chase consumer bank business. Sommers, 44, who previously served as chief executive of the bank’s wealth management business, joined JP Morgan through the Bear Sterns merger in 2008. Sommers was […]
World News
AMCON to pay bondholders N1.7tn in December – Sanusi
The Asset Management Corporation of Nigeria will pay N1.7tn to holders of its bonds by December 2013, the Governor, Central Bank of Nigeria, Mr. Lamido Sanusi, has said. Sanusi stated this in Lagos on Thursday at the National Risk Management Conference, adding that bad debt bank would owe nobody apart […]
FirstRand eyes Keystone, Mainstreet, dumps Enterprise Bank
The Managing Director and Chief Executive, FirstRand Bank, Mr. Sizwe Nxasana, has said the bank is no longer interested in Enterprise Bank Limited. Reuters quoted the Nxasana as however saying that it was still interested in Keystone Bank Limited and Mainstreet Bank Limited. FirstRand, South Africa’s second-largest bank by value, […]
