Tag: Bank
Regulator fines Bank of Cyprus for non-disclosure on Greek debt
Cypriot financial regulators have fined Bank of Cyprus BOC.CY and six of its former executives for failing to give shareholders information on the lender’s Greek government bond holdings, which almost bankrupted it. Large depositors were forced to recapitalize the bank this year after it reported massive losses on its Greek […]
CBN Goes Tough on Customers’ Protection
In line with its commitment to protect bank customers, the Central Bank of Nigeria (CBN) at the weekend said it would soon introduce a policy aimed at enforcing the repayment of illegal deductions on customers’ account by banks. Specifically, the CBN Governor, Mallam Sanusi Lamido Sanusi, who revealed this at […]
