January 18, 2012
Many lenders in Vietnam are trying to attract individual clients Many banks in Vietnam are targeting retail savings as large but short-term deposits from corporate clients prove to be a volatile funding source. Bankers said while term deposits from individual customers are usually small, they make up a stable source of capital for banks. On [...]
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December 16, 2011
Investors at SME Securities Corp. Many stock investors are facing the risk of losing all their money as securities companies â after illegally using funds deposited by clients â are stuck in liquidity problems. Economist Dinh The Hien said a lot of stock brokerages have acted like small banks. Although they are not allowed to, [...]
Tags: brokerages, clients, companies, He Said The, investors, Liquidity, Liquidity Problems, market, money, securities, Securities Corp, Sme Securities, Sme Securities Corp, stock, Stock Traders, The Companies, Their Accounts, Their Money, traders
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December 5, 2011
Slowing inflation and talk of financial reforms have not boosted market sentiment as expected, and analysts are predicting the worst will not be over any time soon. Phan Dung Khanh, research manager at Kim Eng Vietnam Securities Co., said the stock market may move sideways or only recover slightly next year. Macroeconomic measures taken [...]
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November 11, 2011
A man exits the office complex where MF Global Holdings Ltd have an office on 52nd Street in midtown Manhattan New York, October 31, 2011. Long before the brokerage firm MF Global collapsed into bankruptcy and prompted a frantic search for missing customer money, the company had already established a checkered history. An analysis of [...]
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October 19, 2011
Australia & New Zealand Banking Group Ltd., which aims to get 30 percent of its revenue from the Asia-Pacific area by 2017, plans to increase its number of wealthy clients in Vietnam to 10,000 from 1,000 in three years. The Melbourne-based Bank plans in the next two to three months to double the number [...]
Tags: 10 000, clients, plans, The bank, Wealthy, Wealthy Clients
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September 15, 2011
A UBS branch is pictured in central London, on September 15. Swiss banking giant UBS said Thursday it had lost $2.0 billion (1.46 billion euros) through unauthorized trading, after London police arrested a man suspected of committing the massive fraud. The man, arrested before dawn in central London on “suspicion of fraud by abuse of [...]
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September 9, 2011
Vietnam’s first alumina refinery would start producing in November, after several delays, and sell an expected 50,000 tons this year directly to clients without any tenders, the company operating the plant said on Friday. Alumina output at the $460 million Tan Rai plant would rise to 350,000 tons next year, around half its projected [...]
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March 1, 2011
Bernard Madoff arrives at Manhattan Federal court in 2009. Bernard Madoff, in prison for the biggest pyramid scheme fraud in Wall Street history, says that in reality he made a lot of people rich and that he suffered alone. In a lengthy telephone interview from prison to New York Magazine, the man widely described in [...]
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January 26, 2010
LookAtVietnam – While kumquat and peach gardeners in the north are happy because they can be sure of a prosperous Tet sale season, gardeners in the south are more concerned. Kumquat and peach trees are on show in the homes of most Hanoians on Tet days, while southern people prefer to decorate their homes with [...]
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January 21, 2010
VietNamNet Bridge – Many securities companies are head-hunting to improve their competitiveness and weaken their rivals. Who’s hunting? After a two or three month probation period, working with no pay, a novice securities officer would receive 3-4 million dong monthly salary. Meanwhile, the incomes of head officers are ten times higher. According to Dau Tu Chung [...]
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Risk, lax oversight riddle MF Global’s past
A man exits the office complex where MF Global Holdings Ltd have an office on 52nd Street in midtown Manhattan New York, October 31, 2011. Long before the brokerage firm MF Global collapsed into bankruptcy and prompted a frantic search for missing customer money, the company had already established a checkered history. An analysis of [...]
Tags: 15 Included, According, account, accounts, actions, Against Mf, agency, alleged, Alleged Lapses, Alleged Violations, among, bankruptcy, Between 2000, Between 2000 And, brokerage, brokers, Business, Business Practices, By The Agency, By The Cftc, Canadian Bank, Case Mf, Cftc Sanctioned, Citigroup, claims, clients, comment, Commodity Futures, company, complaint, Complaint Filed, controls, Cosmo, Credit Suisse, Customer Money, Declined, Drawn, Dubbed Ldquo, Dubbed Ldquo Mini, Dubbed Ldquo Mini Madoff, earlier, Earlier This Year, Enforcement Actions, enforcement:, European Debt, failed, Familiar, federal, Filed, firms, For Alleged Lapses, Former, futures, global, Global Agreed, Global Ldquo, Global Says, Global Says The, Goldman sachs, Has Drawn, hedge, Hedge Fund, His Account, His Investors, His Investors Money, In That Case, In The Top, Included, Internal, Internal Controls, Into Bankruptcy, investors, Investors Money, Its Own, Jp Morgan, Last week, lawsuit, Lawsuit Filed, Lawsuit Says, lawsuits, Lax Oversight, Ldquo, Ldquo Mini, Ldquo Mini Madoff, Ldquo Mini Madoff Rdquo, Long Island, losses, Madoff, Madoff Rdquo, Mf Global, Mf Global Agreed, Mf Global And, Mf Global For, Mf Global Has, Mf Global Ldquo, Mf Global Said, Mf Global Says, Mf Global Says The, Mf Global Was, million, Mini Madoff, Mini Madoff Rdquo, money, Montreal, Morgan, On The List, Other Firms, Oversight, penalties, Person, Person Familiar, Person Familiar With, Ponzi, Ponzi Scheme, Private Lawsuits, Rdquo, Record, Recordkeeping, records, Red Flags, regulators, Risk Supervision, Risk Taking, sanctioned, scheme, Several, supervision, Supervision And Recordkeeping, taking, The Agency, The bank, The Brokerage, The Canadian, The Canadian Bank, The case, The Cftc, The Cftc Sanctioned, The company, The Complaint, The Complaint Filed, The firm, The Lawsuit, The List, The Time, The Top, The Trader, The Trader Who, The Trustee, The Violations, The Wheat, The Wheat Trader, The Wheat Trader Case, This year, Through Mf, To The Agency, To The Complaint, Top 15, trader, Trader Case, trades, trading, Trustee, Us Commodity, Us Commodity Futures, violations, Wheat, Wheat Trader, Wheat Trader Case, With The Cftc, years
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