Former Goldman Sachs Group Inc director Rajat Gupta has failed to persuade the U.S. Supreme Court to delay the June 17 start of his two-year prison term while he pursues an appeal of his insider trading conviction. Gupta, also a former global managing director of the consulting firm McKinsey & […]

The U.S. Justice Department is spending some of the $13 billion JPMorgan Chase & Co agreed to pay to settle claims stemming from mortgage misdeeds to speed up similar punishments against other lenders, possibly including Bank of America Corp and Citigroup, according to people familiar with the matter. U.S. Attorney’s […]

Six commercial banks paid N392.77m in fines to the Central Bank of Nigeria in 2013 for contravening various aspects of the Banks and Other Financial Institutions Act. Checks by the News Agency of Nigeria showed that the penalised banks were Diamond Bank Plc, Zenith Bank Plc, Skye Bank Plc, UBA […]