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Banking/Bankers Archive
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Goldman Sachs Pleads Guilty — Shareholders Pay $5bn to Keep Bankers out of Prison
Posted on April 15, 2016 | No CommentsOf course, none of the bankers will ever go to prison and the shareholders pay to protect the individuals who actually act in a criminal manner. This is really fraud upon the shareholders who have to pay fines to keep the bankers out of prison. -
Bank Negara Malaysia 2015 Annual Report highlights
Posted on March 23, 2016 | No CommentsExternal debt up 11.5% in 2015, mainly due to valuation effects from depreciation of ringgit against most currencies from January-September. Ringgit depreciation affected mainly offshore borrowing, which increased by RM92.6bil or 24.9% to RM463.6bil (end-2014: RM371.1bil). -
China’s Central Bank Chief Sounds Warning Over Rising Debt
Posted on March 21, 2016 | No CommentsPeople’s Bank of China Governor Zhou Xiaochuan sounded a warning over rising debt levels, saying corporate lending as a ratio to gross domestic product had become too high and the country must develop more robust capital markets. -
Hackers Stalked Bangladesh Bank for Two Weeks Before Big Heist
Posted on March 19, 2016 | No CommentsHackers who stole $101 million from Bangladesh’s central bank stalked its computer systems for almost two weeks beforehand, according to an interim investigation report seen by Bloomberg. -
Here’s What Big Bank CEOs Have Made Since the Financial Crisis
Posted on March 18, 2016 | No CommentsWall Street’s titans are still making enough to put food on the table. JPMorgan Chase & Co. gave Jamie Dimon a 35 percent pay raise to $27 million for 2015, eclipsing Goldman Sachs Group Inc.’s Lloyd Blankfein as the highest paid CEO at the six biggest U.S. banks. -
How a hacker’s typo helped stop a billion dollar bank heist
Posted on March 11, 2016 | No CommentsA spelling mistake in an online bank transfer instruction helped prevent a nearly $1 billion heist last month involving the Bangladesh central bank and the New York Fed, banking officials said. -
RHB: Bank Negara likely to maintain OPR at 3.25% in 2016
Posted on March 10, 2016 | No CommentsBank Negara is likely to maintain the overnight policy rate (OPR) at 3.25% in 2016, amid weak economic factors, RHB Investment Bank said today. -
Bank Negara maintains key rate at Zeti’s last policy meeting
Posted on March 9, 2016 | No CommentsMalaysia’s central bank maintained its key interest rate at 3.25% on Wednesday as expected, and kept unchanged a reserve requirement ratio that it cut in January. -
Malaysia’s c.bank seen holding rate as markets watch for new governor
Posted on March 8, 2016 | No CommentsMalaysia's central bank is expected to hold its key interest rate steady on Wednesday, a decision that comes as markets wait to see who will succeed the respected, long-serving governor. -
Chinese bank hit by $4.9bn loan fraud
Posted on February 18, 2016 | No CommentsFraudulent loans are on the rise in China as economic growth slows, threatening to further undermine the country's $29tn banking system, which is already under pressure from an indebted corporate sector.