A group of American banks are preparing to lend $30 billion to First Republic Bank to save it from collapsing.
The S&P 500 on Wall Street lost 1.6 per cent at the start of trade, wiping out all of the previous day’s gains.
Five of the largest American banks lost over $230 billion in market value between January 1 and December 5, 2022.
The Ogun governor’s aide was apprehended in May 2021 by U.S. security officials at New York’s John F. Kennedy International Airport in an attempt to flee.
For the offence of wire fraud, Mr Rufai stands to face up to 30 years in prison, a fine of up to $1,000,000, a period of supervision following release from prison of up to five years.
Twitter said in a statement Thursday it had received Mr Musk’s updated proposal and its “new information on potential financing.”
The cryptocurrency surged on Friday, trading at its highest level since May…traded 2.5 per cent higher in the past 24 hours, at $59,112.
Cryptocurrency Bitcoin has risen to around $51,000 as the Bank of America supports cryptocurrency transactions as a new asset class.
Nigerian banks have missed out in the list of top ten banks in Africa, a new report revealed.
Paypal’s return came as a result of the COVID-19 pandemic.
