JPMorgan Chase & Co’s (JPM) board of directors cut Chief Executive Jamie Dimon’s annual bonus in half, citing the company’s $6.2 billion “London Whale” trading loss, the company said on Wednesday. Dimon’s pay was slashed even though JPMorgan, the largest U.S. bank, said fourth-quarter net income jumped 53 percent, and […]
Uncategorized
Market rally deepens, index up by 1.3%
The rally in the equities segment of the Nigerian Stock Exchange, which began last week, continued on Tuesday, with major indices closing positive. The market capitalisation of the listed equities gained N122bn or 1.3 per cent, from N9.374tn on Monday to close at N9.495tn. Similarly, the NSE’s All-Share Index was […]
Rewarding Bad Behaviour in the Capital Market
It is important to lend additional voice and question the rationale behind the federal government N22.6 billion bail-out of some capital market operators. It is tantamount to rewarding bad behavior and excessive risk-taking at public expense. For the stock broking firms that will benefit from this largesse, if their investments […]
