Latest News for: Bankrupt banking


Hezbollah is leading an economy of resistance in Lebanon

Press TV 15 Apr 2021
This translated into a shortage of basic and essential products like food, fuel and medication, difficulties in the banking system and even the initial signs of weakened security ... This is basically collective punishment, but if the central bank is bankrupt, how come only the Shia communities are suffering from this fuel shortage?.

Bernie Madoff Told the Truth About One Thing

New York Magazine 14 Apr 2021
Madoff’s downfall damage crashed a bank in Italy, led to suicide in France, and bankrupted small investors, too, as far away as taxi drivers in Latin America and as close as his immediate family ... The banks had pushed us to the brink of national ruin.

Opinion: Huarong Can’t Be Treated Like a Normal Company in Bankruptcy Restructuring

Caixin Online 12 Apr 2021
on March 31 decided to suspend its share trading the next day, the market became awash in rumors that the company, one of the country’s four largest bad-asset managers, would be forced into restructuring or might even go bankrupt ... Can Huarong go bankrupt?. Huarong is not a bank ... Excluding its subsidiary, Huarong Xiangjiang Bank Corp.

BSP to set up e-money buffer fund

Manila Bulletin 11 Apr 2021
Banking co-regulator the Philippine Deposit Insurance Corp ... One of the reasons for the study is that similar to electronic money issuers or EMIs which can go bankrupt, e-money accounts also have risks of bankruptcy if the bank holding the trust account with the e-money float will encounter cash problems.

Loved the Big Bull? Here are 5 More Films Based on Financial Frauds

Yahoo Daily News 10 Apr 2021
How I Brought Down Barings Bank and Shook the Financial World. Leeson is a derivatives trader who became infamous after his involvement in bankrupting the Baringa Bank, world’s second-oldest merchant bank. His fraudulent activities led to the collapse of the bank in 1995, following which he was sent to prison.

ADIF eyes to conduct auctions in Azerbaijan through electronic platforms

MENA FN 09 Apr 2021
Namely for this reason global experience has been studied to ensure the sale of banks in accordance with modern standards and in a more efficient way ... The Azerbaijani banks, the licenses of which have been canceled, and which were declared bankrupt by a court decision, or started the bankruptcy process, were transferred to ADIF for liquidation.

The anti-patriot and pillaging Chilean right: summary of their prey

Beijing News 09 Apr 2021
They were called "the odd area", because they were privatised, then went bankrupt, so the military government nationalised them, made them solvent and privatised them again. Most of them were banks affected by the 1982 crisis and unpaid loans and the newly constituted Pension Fund Administrators (AFP) ... Banking system.

Axington now a cash company facing delisting

Straits Times 07 Apr 2021
The company said in an exchange filing on Tuesday that it does not have any "revenue-generating business" ... Failure to do so would also result in delisting ... NGH was ordered in December to be wound up after failing to pay more than $14 million in debt to DBS Bank. Mr Nelson Loh, who stood as guarantor for the loan, has since been declared a bankrupt.

Axington, linked to Loh cousins, now a cash company facing risk of being delisted

Straits Times 07 Apr 2021
Axington also noted that it has until Aug 30 to submit a resumption proposal, given that the trading of its shares had been suspended since Aug 31, 2020 ... In December, NGH was ordered to be wound up after failing to pay more than $14 million in debt to DBS Bank. Mr Nelson Loh, who stood as guarantor for the loan, has since been declared a bankrupt.

Inside Biden’s Bait And Switch Infrastructure Program

Yated Ne'eman 07 Apr 2021
As a result, according to Bill Dupor, an economist at the Federal Reserve Bank of St ... The politically well-connected investors who owned the “green energy” ventures got rich on federal subsidies and guaranteed loans before their companies went bankrupt. The giant Wall Street banks ...

Credit Suisse's Turnaround Is Just Beginning

Wall Street Journal 06 Apr 2021
The Swiss bank said Tuesday it expects the collapse of U.S ... Gottstein cut the dividend, suspended buybacks and appointed new top managers to its investment bank, risk and compliance divisions. There will also be external reviews into the Archegos affair and the bank’s dealings with bankrupt supply-chain finance company Greensill.
photo: Creative Commons /
2019 Lebanon protests

Lebanon on the brink: ‘It has never been as bad as now’

The Irish Times 06 Apr 2021
Lebanon has survived two civil wars, two major Israeli invasions, and decades of mismanagement and corruption, but now, bankrupt, it is on the brink of collapse. Beirut formerly depended on tourism, trade and banking to keep the dollars flowing into the country ... “Where is the money for the Lebanese people? In the banks. Banks don’t care for us.

Yemen refuses Saudi deceit

Press TV 06 Apr 2021
What is proposed to the Yemenis is not an end to the war ... elevated public sector debt, a bankrupt banking sector, no economy growth and the country was politically rudderless ... ... .

Line Of Duty: 32 Behind The Scenes Secrets You Never Knew About The Police Drama

Huffington Post 03 Apr 2021
The show now has a bank of people with direct ... In a 2017 interview with the Telegraph, Martin revealed that he based his Estuary accent on rogue trader Nick Leeson, who famously bankrupted Barings Bank in 1995, and who was depicted by Ewan McGregor in the 1999 film Rogue Trader.

Sensex soars over 1,200 points; Nifty above 14,850

The Times of India 30 Mar 2021
Top gainers in the BSE pack included Infosys, PowerGrid, HCL Tech, Hindustan Unilever, HDFC Bank and TCS with their stocks up as much as 4.30 per cent ... "The JSW Steel resolution has given impetus to the banks as many of them were lenders to the bankrupt company," Anita Gandhi, director at Arihant Capital Markets, told news agency Reuters.