Federal regulators are probing whether several big banks deliberately mispriced mortgage bonds in the years following the financial crisis, the Wall Street Journal reported, citing people close to the inquiry. The new investigation is a potential blow to the banks as they have already paid billions of dollars in penalties […]
Frauds & Scandals
JPMorgan Agrees To Pay $1.7 Billion To Bernie Madoff Victims
JPMorgan Chase has agreed to pay $1.7 billion to victims of Bernie Madoff’s ponzi scheme, according to a statement from the United States Attorney for the Southern District of New York. [via Bloomberg News] U.S. Attorny Preet Bharara will hold a press conference today at 1:15 p.m. EST. Bharara will […]
Theophilus Ilevbare: President Jonathan’s 11th private jet!
The presidency has made a proposal for an upfront deposit of N1.5billion for a brand new private jet, what will become the Presidential Air Fleet’s (PAF) 11th aircraft. This figure is contained in the details of the 2014 Appropriation Bill presented to the National Assembly by President Goodluck Jonathan through […]
