Chinese, foreign banks in pact against loan defaulters
(8 April 2003 – China) Chinese and foreign funded banks in Shanghai have signed a pact pledging to make joint efforts to crack down on loan defaulters.The banks, […]
(8 April 2003 – China) Chinese and foreign funded banks in Shanghai have signed a pact pledging to make joint efforts to crack down on loan defaulters.The banks, […]
(Australia) – Struggling financial group AMP has sent former Chief Executive Paul Batchelor a final payout of A$2.1 million as the controversial payout seems set for the courts.The […]
(Indonesia) – Stock market regulator Bapepam has launched an enquiry into allegations that the country’s seventh largest bank – Bank Lippo – deliberately lowered its share price to […]
(South Korea) – Korean investigators have raided the Seoul offices of the SK Group after allegations over a 1999 deal with US investment bank JP Morgan.Prosecutors spend six […]
(Australia) – Two former Macquarie Bank executives who unsuccessfully sued the bank for unfair dismissal have been ordered the pay the bank’s legal bills, estimated at between A$4-5 […]
(Hong Kong) – The territory’s High Court has ruled that the George Soros-controlled SFM Advisory Holdings, the Asian Development Bank and several other groups conspired to strip Peregrine […]
(Australia) – ANZ Banking Group has agreed to pay A$7 million in fines and compensation for legal breaches on around 200,000 personal loan contracts dating from 1996.The settlement […]
(Australia) – ANZ Banking Group has revealed it has been hit with two new claims involving its former subsidiary Grindlays, which was sold to Standard Chartered in 2000 […]
(Malaysia) – The dispute over the purchase of Malaysia’s Sabah Bank has taken a new turn, with vendor Suria Capital Holdings filing a US$8 million writ in the […]
(China) – The Bank of China has been awarded US$106 million in a US court after taking action against two borrowers the bank said defrauded its New York […]