Enterprise Bank Limited, one of the nationalised banks, has retrenched about 150 workers. Checks by the News Agency of Nigeria on Monday showed that the affected workers were part of the 250 employees nationwide pencilled down for rationalisation. Sources close to the bank told NAN that the sacking caught across […]
Frauds & Scandals
NSE to sanction operators for client account mismanagement
The Nigerian Stock Exchange has warned dealing member firms against violating client account management guidelines. According to the NSE, operators that violate the guidelines will be suspended from trading activities, in addition to being fined. This was contained in a circular to all dealing firms, which was entitled, ‘Maintenance and […]
JPMorgan $13 billion mortgage settlement expected Tuesday: sources
JPMorgan Chase & Co (JPM.N) is expected to sign a $13 billion agreement with the U.S. government on Tuesday to settle claims it overstated the quality of mortgages sold to investors during the housing boom, two people familiar with the matter said. The civil settlement would mark the end […]
