Lagos (INVESTADVOCATE)-The central bank of Nigeria (CBN) on Thursday ordered deposit money banks to refund to customers who have been charged above the N2 per mille as contained in the revised guide to bank charges- commission on turnover (COT) issued on March 27, 2013. This is contained in a circular […]
Frauds & Scandals
Ex-Goldman director Gupta loses bid to stay out of prison
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 & […]
Exclusive: U.S. using JPMorgan penalty to speed cases against other banks
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 […]
