By Jonathan Stempel (Reuters) – JPMorgan Chase & Co and Bank of America Corp were hit with new lawsuits by investors claiming losses on $4.5 billion of soured mortgage debt, adding to litigation targeting the two largest U.S. banks. The plaintiff Sealink Funding Ltd said it lost money after buying […]

The company has notified The Exchange of the appointment of 3 new directors with effect from September 29, 2011. The directors are: 1. Mr. Stanley Lawson 2. Mrs. Angela Nwabuoku 3. Mr. Obinna Ufudo Mr. Stanley Lawson graduated from University of Port Harcourt, where he obtained his first class Degree […]

By InvestAdvocate (INVESTADVOCATE)-Shareholders of Union Bank of Nigeria Plc (UBN) Friday overwhelmingly approved the Recapitalisation plan of the Bank at a Court Ordered meeting held in Abuja Nigeria. This was contained a Statement by the Management of the Bank and made available to InvestAdvocate in Lagos Nigeria. The Statement affirmed […]