The total amount of outflow in the Nigerian Interbank market in the month of November was N1.28 trillion, a report by the Financial Market Dealers Association (FMDA) has said. A breakdown of the FMDA Monthly Financial and Economic Report for November, posted on its website, showed that whereas a total […]

The S&P 500 erased its gains for the year on Wednesday as Wall Street reversed some of its recent year-end rally, with many investors expressing concern about the outlook for early 2012. The Dow Jones industrial average <.DJI> dropped 82.65 points, or 0.67 percent, to 12,208.70. The Standard & Poor’s […]

Confidential whistleblower documents that helped spark a massive state and federal investigation into how Bank of New York Mellon Corp charged pension funds for currency exchange, provide a rare window into how a bank insider aided a lawsuit against the bank. The information provided by whistleblower Grant Wilson, who worked […]