HSBC and Citigroup both suspended foreign exchange traders on Friday as a global probe into possible currency market manipulation intensified. Regulators from the United States arrived in London this week, stepping up an investigation in which they are working with Britain’s financial watchdog to determine whether traders at some of […]
Frauds & Scandals
Ecobank under pressure as Africa tightens bank scrutiny
* CEO’s tenure under scrutiny after governance criticised * Nigeria’s SEC criticised Ecobank hiring, called for new chairman * Ecobank says to strengthen governance, call shareholder meeting * Investors disappointed by bank’s lack of governance * Ecobank spokesman says 2013 profits strong, share price unaffected Ecobank’s response to criticism […]
Okonjo-Iweala’s 102-Page Response To House Finance Committee’s 50 Questions
The Coordinating Minister of the Economy and Minister of Fiance, Dr. Ngozi Okonjo-Iweala has responded to the 50 questions handed her by the House of Representatives Committee on Finance. The Minister emailed her “detailed” response to THEWILL alongside a statement. “The document provides, in extensive detail, including tables and graphs, […]
