Let's talk about one of the biggest fraud cases in Vietnam. Truong My Lan, the chairperson of Van Thinh Phat real estate firm, was at the center of it all. The court upheld her death sentence, and the story behind it is quite shocking. Lan was accused of embezzling and bribing her way to control Sai
In a striking move, UniCredit, one of Italy's largest banks, has stepped forward with a proposal to buy another significant Italian lender, Banco BPM. The potential deal, valued around 10 billion euros (over $11 billion), is just the latest in a series of similar mergers happening across Europe's ba
Imagine this: the US Treasury is checking out JPMorgan Chase, one of the biggest banks in the US. Why? Because they're interested in the bank's relationship with a hedge fund called Ocean Leonid Investments Ltd. This hedge fund has some connections to a big shot in the Iranian oil business, Hossein
After Donald Trump’s election victory, bankers like Jamie Dimon from JPMorgan Chase are thrilled. Dimon, speaking at the APEC CEO Summit in Peru, said bankers are “dancing in the street” because they expect President-elect Trump to ease regulations that have been tough on them. One big issue is the
Biobanks, vital for personalized medicine, are thriving in Germany. Over the last ten years, 36 biobanks have emerged, united under the German Biobank Alliance (GBA). These structured facilities store premium biological samples and clinical data to bolster research. Some biobanks juggle both tissue
Belarusian banks are taking a big step forward by adopting international financial reporting standards. This shift involves a careful look at how banks account for loans and conditional obligations. The main guidelines they're following are the International Financial Reporting Standards (IFRS) 9 an
Indonesia's micro, small, and medium enterprises (MSMEs) have been growing steadily, but the financing they receive from Sharia banks hasn't kept pace. This study aims to figure out why. It turns out that banks' strategies for collecting funds from third parties have a lot to do with it. Sharia ban
Maybank has a new tech boss! His name is Giorgio Migliarina, and he's stepping into the role of Group Chief Technology and Digital Officer come November 1, 2024. His job? To make sure all of Maybank's systems are resilient and robust, and to plan the bank's tech strategy for the future. He'll also w
On October 29, 2024, Hong Leong Bank (HLB) kicked off its journey into greener finance with the launch of its Sustainable Finance Framework (SFF). This initiative aims to invest a whopping US$4. 5 billion (RM20 billion) over five years to support projects that promote sustainability. The bank has be
The upcoming U. S. presidential election could significantly impact several industries. Let's explore which ones are at stake. Big banks could soon need more capital to protect against financial shocks, which might affect their profits and lending ability. The winner of the election could determine
