George Kladakis's articles BUSINESS & ECONOMICS EDITOR'S PICK What Vietnam Can Teach Us About The Vulnerabilities Of Banks Key Takeaway: Vietnam’s businesswoman Truong My Lan was sentenced to death for taking out $44 billion in fraudulent loans from Saigon Commercial Bank (SCB) by bypassing a law that prevents anyone from owning more than 5% of a bank’s shares. The loans made up 93% of the bank’s entire lending portfolio. The case highlights the […] Saving Bookmark this article Bookmarked
BUSINESS & ECONOMICS EDITOR'S PICK What Vietnam Can Teach Us About The Vulnerabilities Of Banks Key Takeaway: Vietnam’s businesswoman Truong My Lan was sentenced to death for taking out $44 billion in fraudulent loans from Saigon Commercial Bank (SCB) by bypassing a law that prevents anyone from owning more than 5% of a bank’s shares. The loans made up 93% of the bank’s entire lending portfolio. The case highlights the […] Saving Bookmark this article Bookmarked