A group of banks being investigated in an interest-rate rigging scandal are looking to pursue a group settlement with regulators rather than face a Barclays-style backlash by going it alone, people familiar with the banks’ thinking said. Such discussions are preliminary, and it is unclear if regulators will enter these […]
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Microsoft posts quarterly loss but beats Wall Street
Microsoft Corp reported its first quarterly loss as a public company on Thursday as it took a previously announced hit for writing down the value of its ailing online unit, but held up better than expected in the face of stagnant computer sales. Excluding the multibillion-dollar write-down, which was signaled […]
TUC condemns sacking of 700 Mainstreet Bank workers
The Trade Union Congress of Nigeria on Thursday condemned the sacking of more than 700 Mainstreet Bank workers in contravention of relevant laws of the country. The News Agency of Nigeria reports that statement from the labour union called on the management of the bank to reverse the sacking and […]
