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In wake of JPMorgan settlement, big banks add to defense funds

Several large U.S. banks have set aside extra money to pay for potential legal costs in part because of JPMorgan Chase & Co’s massive $13 billion settlement with U.S. authorities… Read more »

HSBC, Citi suspend traders as FX probe deepens

HSBC and Citigroup both suspended foreign exchange traders on Friday as a global probe into possible currency market manipulation intensified. Regulators from the United States arrived in London this week,… Read more »

Ecobank under pressure as Africa tightens bank scrutiny

* CEO’s tenure under scrutiny after governance criticised * Nigeria’s SEC criticised Ecobank hiring, called for new chairman * Ecobank says to strengthen governance, call shareholder meeting * Investors disappointed… Read more »

Okonjo-Iweala’s 102-Page Response To House Finance Committee’s 50 Questions

The Coordinating Minister of the Economy and Minister of Fiance, Dr. Ngozi Okonjo-Iweala has responded to the 50 questions handed her by the House of Representatives Committee on Finance. The… Read more »

Quoted Companies/Market Operators Paid N104.7 million Fine in 2013-NSE

By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-The Nigerian Stock Exchange (NSE) Wednesday put total amount of fines paid by erring quoted companies and other capital market operators at N104.7 million in… Read more »

JPMorgan profit hit by Madoff, weaker investment banking

JPMorgan Chase & Co posted a 7.3 percent decline in quarterly profit on Tuesday, as legal woes and weak demand for investment banking services capped off a tough year for… Read more »

Shareholders urge ETI to comply with SEC directives

Shareholders have urged Ecobank Transnational Incorporated to comply fully with the directives that the Securities and Exchange Commission gave it after the commission carried out a corporate governance audit of… Read more »

Corporate Governance: Ecobank Transnational Engage Swiss IMD, EY

By Yakubu LAAH InvestAdvocate Lagos INVESTADVOCATE)-Ecobank Transnational Incorporated (ETI) Monday said it has engaged the services of Global Board Centre of the renowned Swiss business school, the International Institute for… Read more »

SEC gives ETI Plc 7 days ultimatum to reverse sack of Do Rego

The frail stability achieved by Ecobank Transnational Incorporated (ETI), the Lome, Togo-based parent company of Ecobank Nigeria Plc in the last few weeks is now threatening to crack open at… Read more »

I won’t quit before June, Sanusi dares Jonathan

The controversy surrounding the planned exit of the Governor of the Central Bank of Nigeria, Mr. Lamido Sanusi, deepened on Thursday with the governor insisting that he would not quit… Read more »