A week after the revelation by the Central Bank of Nigeria that some banks were circumventing the cash-less policy, our correspondent has gathered that senior officials of banks are indeed aiding big-time customers to evade charges on deposits and withdrawals above the minimum limits so that the customers will retain […]
Tag: Banks
Six banks may not divest from insurance companies
Some banks that have substantial stakes in insurance companies have commenced moves to get the approval of the Central Bank of Nigeria to hold onto their group holding licences. Last year, the CBN suspended the universal banking regime and ordered Deposit Money Banks to divest from all non-banking operations. While […]
7 Banks Subpoenaed in Libor Investigation
Seven banks have received subpoenas as part of an investigation into the alleged manipulation of the London Interbank Offered Rate, according to a source close to the case and company filings. The banks that were subpoenaed by New York State Attorney Eric Schneiderman include JPMorgan, Citigroup, Barclays and UBS. In […]
