The management of Unity Bank Plc plans to invite the Economic and Financial Crimes Commission to help it recover the over N40bn debt owed by customers who have been failing to fulfil their loan obligations. The Managing Director, Unity Bank, Mr. Henry Semenitari, who spoke to newsmen in Abuja on […]
Frauds & Scandals
HSBC directors to quit over threat to jail bosses for banking crises
The Guardian/Tuesday 7 October 2014 Two directors of HSBC’s UK bank are poised to quit in protest at new Bank of England rules that could make directors and top executives criminally liable if a bank fails. Alan Thomson, who is on the audit and risk committees of HSBC Bank plc […]
JPMorgan Chase hackers tried infiltrating other institutions: WSJ
Mon Oct 6, 2014/Reuters Hackers who breached JPMorgan Chase & Co’s computer network earlier this year also tried to infiltrate other financial institutions, the Wall Street Journal reported, citing people familiar with the investigation. Federal officials had asked financial institutions last month to check whether they had seen indications of […]

