Latest News for: Bankrupt bank


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.

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.

How thieves improvised over the years

Gulf News 27 Mar 2021
Interestingly, the few banks we had did not provide the facility of lockers, and people preferred to keep their precious items like jewellery and valuable documents at home ... Banks do not compensate for any loss caused by some heist. Under the present existing rules, you get only a part of the cash you keep in the event of the bank going bankrupt.

Who owns the United States? by Brad Lane

The Keene Sentinel 26 Mar 2021
This has happened to Argentina, Brazil and Venezuela in recent decades, to where each country has gone bankrupt and all the wealth of that country has become owned by a handful of banks, or their money has inflated to where it is worthless ... In the 1990s, the large banks were sometimes able to pick up mid-sized banks for pennies on the dollar ... .

Remember When: Potts & Ater families leave lasting impact

DailyTrib 26 Mar 2021
For those who don’t know, Potts & Ater Brothers was a mercantile store and unincorporated bank in Bertram co-owned by members of two of the first families to settle in the region ... It closed in 1926 after the bank went bankrupt.

A book was a bad idea

Castanet 25 Mar 2021
People are dying, people are locked in their homes, traffic at food banks is at an all time high. Businesses are shut down and/or going bankrupt, children are receiving substandard educations, seniors are dying ...

Dear Republicans: What Did You Expect?

Democratic Underground 25 Mar 2021
When Wall Street Billionaire Pete Peterson and his friends in the GOP put up their “debt clock” and told you that Social Security was a Ponzi scheme that was going to go bankrupt and therefore should be handed over to the big Wall Street banks, what did you expect? Did you think ...