Wednesday, February 19, 2025
32 C
Lagos

Pension Funds Launch $1.2bn Lawsuit Against Banks

Investors including pension funds and asset managers in the United Kingdom have launched a £1 billion ($1.2 billion) lawsuit against five banks for losses related to a foreign exchange cartel, Morningstar reported.

The banks including U.K.-based Barclays P.L.C., U.S.-based Citibank N.A. and Royal Bank of Scotland Group P.L.C. have admitted their participation in the cartel. Regulators across the world have fined the banks $8.5 billion

spot_img
spot_img
spot_img

Hot this week

Fidelity Bank Enhances Educational Facilities in Benin, Abuja

Fidelity Bank Plc, a leading financial institution, has once...

NCDMB Chief Visits Samsung, Africoat, Insists on Patronage of Local Facilities

The Executive Secretary, Nigerian Content Development and Monitoring Board...

Engr Jimi Onanuga Honoured at 93rd Anniversary of ICOBA

Engineer Jimi Onanuga (left) received Prestigious Service to ICOBA...

NCDMB, Starzs Gas, Upbeat about Industrialisation at Ceremony for Integrated CNG Project

General Manager, Corporate Communications and Zonal Coordination, Nigerian Content...

Cairo Ojougboh: Family Marks One Year Memorial with Charity Outreach

Mrs. Bose Ojougboh, wife of the Late Dr. Cairo...

Topics

Freedonia: Global Demand for Fuel Additives to Surge by 2016

Global demand for fuel additives will increase 4.7%/year to...

Access Bank to Host Corporate Customers Forum 2024 Sept 19

Nigeria’s top financial organisation with the largest customer base...

NLNG Trains 300 Youths on Nigerian Content HCD Program

NLNG, on Tuesday, in Port Harcourt, Rivers State, kicked...

NAICOM, PenCom Unveil MoU on Annuity, De-marketing of Operators

Mr. O.S. Thomas Commissioner for Insurance NAICOM The National Insurance Commission (NAICOM)...

Ecobank Wins Best Digital Strategy Award

Ecobank won the Best Digital Strategy Award at the...

‘Why Nigerian, African Varsities Rank Lowly Globally’ – Ghana VC

Leading African Development Economist and Vice Chancellor of University...

Again, NCC Absolves Minister of Involvement in NiDCOM Office Space Process

  The Nigerian Communications Commission (NCC) has, again, clarified that...
spot_img

Related Articles

Popular Categories

spot_imgspot_img