This article in large part appeared in The Banker magazine, May 2019. The Banker is part of the FT Group. It was subsequently removed from the magazine’s website, on account of a complaint by the Bulgarian National Bank concerning a quote attributed to the governor of the bank, Mr Dimitar …
A whistleblower has contacted Hermitage Capital Management, the company of investor Bill Browder, disclosing the details of a full-service money laundering package provided by the Estonian branch of Danske Bank. This whistleblower, whose name is not yet known, provided Hermitage with the details of the full-service package available to Russian …
Airbus in talks to settle fraud claims for £1 billion NICK KOCHAN Friday 15 September 2017 12:02 0 comments The Serious Fraud Office and French prosecutors are in close discussion over the terms of a £1 billion-plus settlement for Airbus over corruption allegations. The deal, called a Deferred Prosecution Agreement …
Jul 18 2017 Nick Kochan, published in ThomsonReuters Compliance Complete Companies seeking out-of-court settlements in Belgium will face demands for greater transparency following the publication, expected towards the end of the year, of a report drawn up by a committee of 18 parliamentary representatives. One key finding will be the …
HSBC’s decision to walk away from its proposed $8 billion acquisition of a controlling stake in Nedbank is little short of dramatic. It poses a plethora of questions: why did HSBC do it; what happens to Nedbank; what does it say about the attractiveness of South African banks to global …
When Nigeria comes to the market this month with a £500m sovereign bond, investors will scrabble to get a piece of it. The $500 million ten year bond will be heavily oversubscribed as African credit moves away from the fringe of the emerging market universe to dead centre. Africa is …
Bankers may not have gone to jail as a result of their failure to manage the financial turbulence of the last few years, but politicians are determined that there should be no repeat of the mismanagement and greed that caused it. The issue is not just one of punishing bankers …
