Will top bankers’ behavior ever land them in jail? Or are bad business decisions even a crime at all? Five years on from the bankruptcy of Lehman Brothers, the debate over how to hold senior bank bosses to account for failures is far from over, but legal sanctions for top […]
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Twitter takes first step toward going public
Twitter Inc has filed for an initial public offering with U.S. regulators, the company said on Thursday, taking the first step toward what would be Silicon Valley’s most anticipated debut since Facebook Inc’s last year. The impending IPO of the microblogging phenomenon ignited a competition among Wall Street’s biggest names […]
NDIC recovers N24.68bn from debtors of failed banks
The Nigeria Deposit Insurance Corporation said it recovered in 2012 a cumulative sum of N24.68bn from debtors of Deposit Money Banks that were liquidated by the Central Bank of Nigeria. The N24.68bn represents an increase of N2.42bn over the N22.26bn recovered in 2011. It also said that a cumulative debt […]
