Disgraced Wall Street titan and philanthropist Rajat Gupta was sentenced to two years in prison on Wednesday, a much lighter sentence than U.S. prosecutors had demanded, by a judge who called his insider trading crimes “disgusting” and “a terrible breach of trust.” Gupta was also ordered to pay a $5 […]
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Prison, $7 billion fine for French rogue trader
Paris appeals court sends Societe Generale trader to prison, orders him to pay back $7 billion A former junior trader for France’s second-largest bank who was ordered Wednesday to pay back a staggering €4.9 billion (about $7 billion) in damages to his ex-employer is painting himself as the victim of […]
Q3 2012 Report: ETI, Fidelity, Sterling Grow Profits
By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-Three Banks, Pan Africa Bank, Ecobank Transnational Incorporated (ETI), Fidelity Bank Plc and Sterling Bank Plc Wednesday posted growths in their Profits After Tax (PAT) for the Third Quarter (Q3) Report for the Period Ended September 30 2012. This is contained in the Result Announcements […]
