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Vietnam needs to implement the restructure of both small and large banks in a drastic manner, an economist says. The central bank has approved the merger of three small banks – Ficombank, Saigon Commercial Bank, and Vietnam Tin Nghia Bank – that are mired in liquidity problems. The...

Tags: Bad Debts, In The New, In The New Bank, Le Tham Duong, Liquidity Problems, New Bank, Newly Formed Bank, Of The Three, Thanh Nien, Thanh Nien Weekly, The Bank, The Central Bank, The Merger, The New, The New Bank, The Newly Formed, The Newly Formed Bank, The Restructure, The Three, The Three Banks, Three Banks

Lam Nguyen Minh Tam at a trial in Ho Chi Minh City on Friday. Tam received a seven-year jail term for hacking into the bank's computer system and stealing over VND500 million. A court in Ho Chi Minh City Friday sentenced a 28-year-old man to seven years in jail for hacking into the bank’s computer system and stealing...

Tags: System And Stealing, The Bank

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...

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The American International Group (AIG) building is seen in New York's financial district March 16, 2009. Top Bank of America Corp lawyers knew as early as January that American International Group Inc was prepared to sue the bank for more than $10 billion, seven months before the lawsuit was filed, according to sources familiar...

Tags: Lawsuit Was Filed, Legal Loss, Legal Loss Estimates, Legal Proceedings, The Bank, The People, The People Said

  Sacombank, Vietnam’s fifth largest partly private lender by assets, has rejected rampant rumors that the bank could be acquired by an investor. The rumors started circulating at the end of last month as more than 25 million STB shares changed hands on the Ho Chi Minh Stock Exchange from June 29 to July...

Tags: Million Stb, Million Stb Shares, Stb Shares, The Bank

  Officials of the Ministry of Public Security Wednesday said they have placed man in custody for four months to investigate the hacking of a bank’s data and stealing nearly VND330 million (US$15,791). Initial information is that last August, Nguyen Chi Toan, 27, staff of Trans Infotech Vietnam Company,...

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VnnNews – Banks and universities have voiced the same concern that the narrowing of the programme on lending to poor university students will force many students out of schools. They strongly believe that the programme needs to be resumed in the same scale in order to fund students’ study. Students desperate for school loans Nguyen...

Tags: Bank For Social, Bank For Social Policies, For Social Policies, From The Bank, Hcm City, Poor Students, The Bank, The Bank For, The Bank For Social, The Hcm City, To Poor Students

To date, the State Bank of Vietnam (SBV) has approved plans by 16 joint-stock banks on increasing chartered capital. VnnNews – To date, the State Bank of Vietnam (SBV) has approved plans by 16 joint-stock banks on increasing chartered capital. However, the approval still cannot make banks sigh with relief, because it is not sure if the...

Tags: Ben Thanh Corporation, Chartered Capital, Its Ownership Ratio, Ownership Ratio, The Bank, The State

To date, the State Bank of Vietnam (SBV) has approved plans by 16 joint-stock banks on increasing chartered capital. VnnNews – To date, the State Bank of Vietnam (SBV) has approved plans by 16 joint-stock banks on increasing chartered capital. However, the approval still cannot make banks sigh with relief, because it is not sure if the...

Tags: Ben Thanh Corporation, Chartered Capital, Its Ownership Ratio, Ownership Ratio, The Bank, The State

To date, the State Bank of Vietnam (SBV) has approved plans by 16 joint-stock banks on increasing chartered capital. VnnNews – To date, the State Bank of Vietnam (SBV) has approved plans by 16 joint-stock banks on increasing chartered capital. However, the approval still cannot make banks sigh with relief, because it is not sure if the...

Tags: Ben Thanh Corporation, Chartered Capital, Its Ownership Ratio, Ownership Ratio, The Bank, The State