All posts tagged "Mismanagement"
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445Capital / LiquidityCrypto Firm Celsius Network Accused of Running Ponzi Scheme
A lawsuit filed by a former Celsius money manager says the company mismanaged customer funds, failed to perform basic internal auditing, and manipulated crypto-assets.
July 13, 2022 -
558ChinaChinese Regulators Respond to Evergrande Default Fears
Government officials have been dispatched to China Evergrande Group to form a risk management committee to oversee risk management and strengthen internal controls.
December 7, 2021 -
322China
PBOC Says Evergrande Risks ‘Controllable’, as Risks Spill Over
While PBOC officials are framing the Evergrande crisis as an isolated situation, problems in the property sector have broader implications for banks and investor confidence.
October 21, 2021 -
247ChinaCBIRC Fines Trust Company for ‘Major’ Regulatory Violations
The trust company was fined CNY 5.66 million for risk control failures, mismanagement of its trust schemes, and other "serious" breaches.
August 5, 2021 -
798EnforcementKorea FSS to Penalise Brokerage CEOs Over Lime Asset Mis-selling
The proposed sanctions may include a ban on former and current CEOs of three brokerage firms from working in the financial industry for up to five years.
October 8, 2020 -
681Enforcement
Korea: Banks, Brokers Agree Plan to Recover Lime Asset Losses
Twenty firms, including banks and brokers, will set up a new entity to manage the estimated 1.7tr won in assets frozen by Lime Asset Management since October.
June 11, 2020 -
478Asia-PacificFormer Vietnamese Central Banker Sentenced To Three Year Jail Term
Former SBV deputy governor received a three year jail sentence for his role in a mismanagement and loan underwriting scandal that led to losses of $655 million at Vietnam Construction Bank
July 4, 2018 -
923Asia-PacificSri Lanka to Bail Out Finance Company Depositors
The central bank has cancelled troubled finance company CIFL’s licence and doubled the maximum deposit insurance payout for each depositor.
March 9, 2018
