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Major banks close to big settlement on home loans

U.S. regulators are close to securing another multibillion-dollar settlement with the largest banks to resolve allegations that they unlawfully cut corners when foreclosing on delinquent borrowers, a source familiar with the talks said. The settlement with five big banks would be part of a larger deal that the Office of […]

JPMorgan Strategist’s Areas of Strength for 2013

Although the first half of 2013 promises to be tricky for the stock market, a few sectors show relative strength, JPMorgan (JPM) Chief U.S. Equity Strategist Thomas Lee said Monday. “We think overall it’s going to be a pretty good year for markets because, you know, we’re in the fifth […]

Uranta retires after 35 years

Dr. Justus Clinton Uranta has bowed out as the Managing Director of Niger Insurance Plc, after 35 years of service in the insurance industry. In a statement on Friday, the firm said this was in view of the fact that the insurance company had a good succession plan, which Mr. […]