The proposed merger scheme between Flour Mills of Nigeria Plc and Nigerian Bags Manufacturing Company Plc has received shareholders’ approval. A statement by Flour Mills on Wednesday, said that the shareholders of both companies gave their approval during a court-ordered meeting. The shareholders at the meeting said that the move […]
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JPMorgan Investors Propose Splitting CEO, Chairman Roles
A group of investors have filed a proposal calling for JPMorgan Chase (JPM) to name an independent board chairman, splitting the CEO and chairman roles currently held by Jamie Dimon. The AFSCME Employees Pension Plan, the Connecticut Retirement Plans and Trust Funds, Hermes Equity Ownership Services and the NYC Pension […]
Credit Suisse to redeem $1.5 bln in tier 1 capital
Credit Suisse said on Wednesday it would redeem $1.5 billion in Tier 1 Capital notes next month as part of measures to manage its capital to comply with tougher regulation. The bank said in a statement it had decided to redeem $1.525 billion 7.9 percent Tier 1 Capital Notes on […]
