Oct 29, 2014/Reuters A group of funds that threw a monkey wrench in Bank of America Corp’s (BAC.N) proposed $8.5 billion settlement with investors in mortgage-backed securities will object to JPMorgan Chase & Co’s $4.5 billion offer to settle claims over similar investments, according to the lawyer that represents them. […]

By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-Nigeria’s mid-tier lender Diamond Bank Plc on Wednesday said its third quarter (Q3) pretax profit for the period ended September 30, 2014 declined 7.2 percent to N23.7 billion from N25.6 billion in the Q3 period of 2013, according to a filing with the Nigerian Stock […]

Some Nigerian banks exploit the country’s weak accounting system to boost their balance sheets, the Chairman, Securities and Exchange Commission, Dr. Suleyman Ndanusa, has said. Ndanusa said this in a keynote address he delivered at the 2014 Annual Conference of the Association of National Accountants of Nigeria in Abuja on […]