VIETNAM has mounted an “unprecedented” rescue of Saigon Joint Stock Commercial Bank (SCB), a lender engulfed in the nation’s biggest financial fraud, according to three bank documents and new official information provided to Reuters by a source with access to the documents.
Home Investments Vietnam mounts ‘unprecedented’ US$24 billion rescue for bank engulfed in giant fraud,...
Recent Posts
Most Popular
BlackRock says super-rich want private credit as PE returns lag
The super-wealthy also are increasingly bullish about infrastructure investing, with 30% saying they plan to commit more of their money to the...
BOJ to slow pace of bond taper next year as fresh risks emerge
The Bank of Japan kept interest rates steady on Tuesday and decided to decelerate the pace of its balance sheet drawdown...
American Express plans ‘largest investment ever’ in platinum credit card
The New York-based company has faced intensifying competition for premium credit card customers