Business
Business news, market analysis, and corporate updates. Expert insights on companies, industries, and economic trends driving global commerce.
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Bank Negara Indonesia Hit by $120 Million Corporate Loan Fraud
A major corporate-loan fraud involving estimated losses of Rp1.7 trillion (approximately $120 million) was reported at Bank Negara…
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Samsung Chairman Sentenced to Prison for Union Sabotage Efforts
Seoul Central District Court handed down an 18-month prison sentence to Samsung Chairman Lee Sang-hoon on December 17,…
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Indonesian Government Faces $120 Million Fraud at State-Owned Bank
The Indonesian government faces direct accountability following the discovery of a Rp1.7 trillion fraud at Bank Negara Indonesia…
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US Tech Giants Sued Over Child Labor in Cobalt Mines Abroad
In the heart of the Democratic Republic of the Congo, children as young as six are forced to…
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Samsung Chairman Lee Sang-hoon Jailed 18 Months for Union Busting
Lee Sang-hoon, the chairman of Samsung, will spend the next 18 months in a South Korean prison cell.…
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Alecta CEO Demands Social Values in Sweden Code
Magnus Billing has seen enough scandals. The chief executive of Alecta, Sweden’s biggest pension fund, watched banks in…
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HSBC Faces Backlash in China Over Huawei Document Handover
HSBC, a British banking giant with deep ties to global finance, is facing significant challenges to its expansion…
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Mukherjee Warns Bank Scandals Undermine India’s $5-Trillion Goal
Former President Pranab Mukherjee did not mince words in Kolkata on August 26, 2019. Speaking at the annual…
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Ex-Indian President Alarmed by Bank Scandal Surge
India’s former President Pranab Mukherjee expressed alarm on August 26, 2019, over the rise of bank scandals in…
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Ex-Indian President alarmed on the rise of bank scandals
India’s former President Pranab Mukherjee expressed alarm on August 26, 2019, over the rise of bank scandals in…
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Payroll firm probed for hiding tax payments
Another financial sector is under fire for its own financial scandal. The payroll processing industry is being investigated…
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HSBC Faces Backlash from China Over Huawei Document Disclosure
In late August 2019, news emerged that HSBC had supplied documents to United States authorities involved in the…
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Sweden’s Largest Pension Fund Seeks Corporate Governance Code Reforms
On August 26, 2019, Magnus Billing, chief executive of Sweden’s largest pension fund Alecta, urged regulators to rewrite…
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RAM Ponzi victims go after New Zealand ANZ Bank
Wellington, August 26, 2019 — infopulsetoday.com — The High Court in Wellington has granted 426 investors in the…
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Still no boss for Wells Fargo Bank
Wells Fargo & Co. Bank is in a quagmire as to who will they chose the new CEO…
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Two more international banks tied to Huawei technologies case
Vancouver, August 26, 2019 — cybernewschronicle.com — The US Citigroup Inc. and French bank BNP Paribas were reportedly…
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Deutsche Bank Faces Uphill Battle to Regain German Market Share
Deutsche Bank has fallen to the sixth‑largest provider of transaction services for German corporate clients, according to Dealogic…
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Browder Files Complaint Against European Banks Over Dirty Money
Anti-money-laundering campaigner Bill Browder has submitted a criminal complaint to the Vienna Public Prosecutor’s Office, targeting two European…
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Hong Kong Banks Urge Calm in Full-Page Ads
Three of Hong Kong’s biggest banks took out full-page newspaper ads on August 22, 2019, asking for calm.…
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European Raiffeisen Bank International and Danske Bank investigated for money laundering
The continuing bank scandal that hit Deustche Bank has now expanded to two more European banks. Austria Raiffeisen…
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Deutsche Bank Shifts Focus from Wall Street to German Firms
On 22 August 2019, chief executive Christian Sewing disclosed a major strategic realignment for Deutsche Bank, moving away…
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Deutsche Bank fights to get back image
On August 22, 2019, Deutsche Bank CEO Christian Sewing announced a strategic shift away from investment banking toward…
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EU Member Brussels to revive blacklist money laundering states
Brussels, August 22, 2019 — infopulsetoday.com — Brussels will revive a blacklist of non-EU countries tied to money…
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Hongkong banks sent out ads calling for calm
Hongkong, August 22, 2019 — cybernewschronicle.com — The protests in Hongkong are having a negative effect on the…
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ICE Brent Hovers Near $110 as Middle East Tensions Keep Risk Premium High
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How Agricultural Policy Uses Uniform Formulas to Distribute $8B in Farm Relief
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