Unity Bank Plc has released the names of 111 customers with bad loans that have failed to make good their obligations to the bank. This followed the expiry of a two-week grace period given by the bank from October 8 to October 22, to such customers, the bank said in […]
Frauds & Scandals
Banks to Pay $3.3 Billion in FX-Manipulation Probe
Nov 12, 2014/Bloomberg Regulators in the U.S., Britain and Switzerland ordered five banks to pay about $3.3 billion to settle a probe into the manipulation of benchmark foreign-exchange rates. Switzerland’s UBS AG was ordered to pay the most at $800 million, according to statements from the U.S. Commodity Futures Trading […]
Suicide bomber kills at least 7 at bank in northeast Nigeria
Fri Nov 7, 2014/Reuters * Blast targets ATM point of bank branch in Bauchi state * Attack suspected to be work of Boko Haram insurgents * Continued violence casts doubt on announced “ceasefire” (Adds quote from bank spokesman, details, background) A suicide bomber killed at least 7 people outside a […]
