The U.S. Securities and Exchange Commission has launched an investigation into the increasing number of complex bond deals on Wall Street that may create new opportunities for fraud, the Wall Street Journal reported on Monday. Investigators with the SEC are examining if banks and companies are using the bond deals […]

The Financial Reporting Council of Nigeria (FRC) will on Wednesday and Thursday grill the suspended Governor of Central Bank of Nigeria (CBN), Mallam Sanusi Lamido Sanusi; the acting Governor of the CBN, Dr. Sarah Alade; the former Managing Director/CEO of the defunct Intercontinental Bank, Mr. Erastus Akingbola; and 13 others. […]

A federal judge on Friday gave final approval to JPMorgan Chase & Co’s (JPM.N) $218 million settlement to resolve class-action litigation accusing the largest U.S. bank of playing a central role in the huge Ponzi scheme of former client Bernard Madoff. U.S. District Judge Colleen McMahon in Manhattan said the […]