Business

Barely weeks after Unguka Microfinance Institution was licensed to operate as a microfinance bank, it has now set its sights on becoming a fully fledged commercial bank.

JP Morgan Chase & Co Chief Executive Jamie Dimon used his much anticipated appearance before lawmakers to apologize for the bank's multibillion-dollar trading loss but he also made clear he will still criticize how Washington tries to curb Wall Street.

Apple Inc must defend against a lawsuit accusing it of letting advertisers secretly track the activity of millions of mobile device users, a federal judge ruled, but Google Inc and several other defendants were dismissed from the case.