HSBC will tomorrow prolong the latest wave of financial penalties for Britain’s banks by setting aside hundreds of millions of pounds more to cover settlements for breaching anti money-laundering rules. I have learned that HSBC will raise the likely bill for fines from US authorities to as much as $1.5bn […]
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Lloyds mulling St James’s Place stake sale – report
Lloyds Banking Group is considering selling its 60 percent stake in wealth manager St James’s Place in a bid to raise around 1 billion pounds ($1.60 billion), according to a report in Britain’s Sunday Times. The report said the bank’s stake in Britain’s biggest chain of financial advisers could be […]
Disagreements As Ribadu Committee Submits Report
An open disagreement between the Chairman, Petroleum Revenue Special Task Force, Nuhu Ribadu, and his deputy, Steve Orosanye, on the process leading to the compilation of the report of the committee, Friday, almost marred its presentation to President Goodluck Jonathan in Abuja. But Jonathan who appeared embarrassed by the altercation […]
