A Citigroup managing director said the bank failed to protect her from a supervisor’s violent threats and abuse because of its “pervasive” culture of sexual harassment and gender discrimination, according to an amended legal filing on Monday. Ardith Lindsey, who worked as Americas head of electronic sales trading, added details to her November lawsuit outlining … Read more
The African Development Bank (www.AfDB.org) has signed a $75 million loan agreement with Nigeria’s Indorama Eleme Fertiliser and Chemicals Limited. The loan will enable Indorama to increase its fertiliser production and develop a port terminal for exports, supporting food production and food security across regional and international markets while fostering job creation in Nigeria. The … Read more
Bank executives witnessed an increase in their compensation in 2023, while ordinary employees faced yet another year of modest bonuses. This disparity was notably conspicuous at London-based lender Standard Chartered, where CEO Bill Winters experienced a 22 per cent increase in his pay package, as reported by Bloomberg. The bank’s 2023 earnings report disclosed that … Read more
