Six out of 12 persons, including a banker, who allegedly defrauded a number of Australians to the tune of AUD 2 million (a little over USD1.6 million) have been arrested by the Criminal Investigation Department (CID) of the Ghana Police Service.
Category: Finance
Call On BoG To Review Commercial Laws
There is the need for commercial laws and practices, for instance, dealing with treatment of loan defaulters, to be reviewed to ensure that clients do not take advantage of existing practices to abuse the protection offered by the commercial laws, the Chief Executive Officer (CEO) of The Royal Bank, Mr Robert Ekow Bentil, has advised. […]
Standard Chartered Cuts Thousands Of Jobs
Standard Chartered has responded to shareholder calls to slash costs by cutting 4,200 jobs in an attempt to boost profits.
New corporate attire for UBA Ghana
UBA Ghana has outdoored new corporate attire for its front office operations staff in all of its banking halls across the country.
First Atlantic Bank Unveils Mini Branch Inside Maxmart @ 37
FIRST Atlantic Bank, a leading bank in Ghana has opened a mini branch inside the Maxmart Shopping Centre at 37 to serve businesses and individuals operating in that part of the Accra metropolis.
First banker arrested in SFO forex investigation
A London banker is believed to be the first person arrested in relation to the criminal investigation into rigging the $5.3 trillion a day foreign exchange market.
Saint Antony Gets Religion: Barclays Chief Executive Declares Death Of Universal Banking
By Michael Lafferty “Universal banking is dead,” says Antony Jenkins, chief executive of Barclays, speaking in an interview published in the FT yesterday. Unlike most other heads of universal banks, Jenkins is not blaming regulation or higher levels of equity funding for the demise.
Police Grab Suspected Killer Of Ecobank Manager
Credible information reaching African Eye News.com indicate that Police in Kumasi have arrested a man suspected of killing the Manager of the Abrepo Main Branch of Ecobank Ghana in Kumasi.
Republic Bank Wins Court Case Against Ghana’s HFC Bank
GHANA’S Supreme Court has quashed an earlier decision by a commercial court , that dismissed an application by Republic Bank to strike out a suit filed by HFC Bank.
Ghana: Banks Positive About 2015
THE economic hardships which deepened this year undoubtedly took its toll on businesses including the financial sector as banks had to grapple with rising operational costs ocassioned by hikes in utility tariffs, fuel prices as well as taxes.