Business Banking & Trade Finance
The banking issues that face small businesses to mega corporations. To add your expertise and opinions, click on Contribute
Business banking: Japan floods economy with cash
Following the largest earthquake ever recorded in Japan and the devastating tsunami that followed it on Friday, fears over access to funding for businesses and the potential disruption of global supply chains as production and transport are wiped out, the Bank of Japan has today added another USD43,000 million to the vast sums it has ploughed into the economy since Monday.
Banking: Corporate banker stole HKD20 million from customer
Ronald MOK Wai Man, 45,has been convicted on 22charges and jailed for six years for stealing from a corporate customer of Standard Chartered Bank, Hong Kong, where he was employed.
Business bankers: boat builder sunk by fraudulent stock claims
A boatbuilder in Christchurch, New Zealand, has been convicted of making fraudulent representations to obtain working capital, as well as a raft of other offences.
Banking: customers bribed bankers, bankers laundered bribe money, says HK ICAC
Hong Kong's Independent Commission Against Corruption (ICAC) has charged bankers and businessmen in a corruption case - and tagged on a money laundering charge, an unusual event.
Business Banking: FDIC admits problems in small commercial lenders
The crisis in small commercial lenders is at the heart of FDIC's current activity - it's chairman mentioned, in a near-aside - in a speech in India. No one at home noticed..... but it confirms what Nigel Morris-Cotterill has been saying for almost a year: the commercial property lending sector is where stage 2 of the crisis is brewing.
Business Banking: fraud alleged against finance brokers
Australia's ASIC has commenced proceedings in the Federal Court of Australia against two companies engaged in finance broking.
Banking: it's not over 'til it's over
As the death toll for FDIC insured banks spectacularly breaches the milestone of 100 so far this year, there's another side to the business that is also under pressure. As Delaware-based Capmark Financial Group files for protection under Chapter 11 of the US Bankruptcy Code (a form of administration) the deep wounds in the USA's commercial property sector are made plain. And so are the threats to small captive banks.