Frauds & Scandals

JPMorgan $13 billion mortgage settlement expected Tuesday: sources

  JPMorgan Chase & Co (JPM.N) is expected to sign a $13 billion agreement with the U.S. government on Tuesday to settle claims it overstated the quality of mortgages sold to investors during the housing boom, two people familiar with the matter said. The civil settlement would mark the end […]

Ex-JPMorgan ‘Whale’ trader to resist U.S. extradition

Ex-JPMorgan employee Javier Martin-Artajo, indicted by a U.S. grand jury in relation to the bank’s “London Whale” trading scandal, on Friday told Spain’s High Court he did not want to be extradited to the United States, a court source told Reuters. Spaniard Martin-Artajo, who handed himself in to Madrid police […]

UBA Partners Nigeria Police on Anti-crime Campaign

Press Release The Inspector-General of Police, IGP MD Abubakar, supported by United Bank for Africa (UBA) Plc, on Wednesday, unveiled an electronic anti-crime campaign jingle to air on national radio stations aimed at raising the awareness of Nigerians on how to tackle insecurity in the country. The campaign will discourage […]