Former UBS trader Kweku Adoboli was convicted and sentenced to seven years in jail on Tuesday for the biggest fraud in British history, which resulted in a loss of $2.3 billion for the Swiss bank. Ghanaian-born Adoboli, 32, a senior trader on the Exchange Traded Funds (ETFs) desk at UBS’s […]
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Big banks give $22 billion under mortgage relief deal
Five U.S. banks have provided about $22 billion in mortgage relief to customers under a deal to settle borrowers’ accusations over foreclosures, a report by the settlement’s monitor said on Monday. The report said that Bank of America Corp (BAC.N), which owes the most, improved in delivering first-lien mortgage modifications […]
THEWILL Investigations: Banks Snub CBN’s Directive Scrapping N100 ATM Fee
… Access Bank, Fidelity, FCMB Top List Of Defaulting Banking Institutions Investigations carried out by THEWILL between last Tuesday and today (Sunday) have shown that some Nigerian banks are yet to implement the new Central Bank of Nigeria (CBN) directive that scrapped the N100 ATM fees which banks usually charge […]
