Hewlett-Packard will pay $108 million and agreed to take on certain reporting and compliance obligations to settle a Justice Department and SEC investigation into potential violations of the Foreign Corrupt Practices Act. The U.S. Department of Justice and the Securities and Exchange Commission have been conducting investigations into HP’s conduct […]

The Managing Director/Chief Executive Officer, Nigerian Deposit Insurance Corporation, Mr. Umaru Ibrahim, has decried losses suffered by many bank depositors who placed their funds in illegal and unlicensed institutions not insured by the NDIC. He stated that the depositors incurred the losses because of lack of basic knowledge of financial […]

Thirteen investment banks, including Citigroup, Goldman Sachs and Deutsche Bank, will fight EU charges of blocking exchanges’ access to the credit derivatives market at a hearing next month, three people familiar with the matter said on Monday. The closed-door hearing comes nine months after the European Commission accused the banks […]