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A robbery-massacre occurred at the branch of the Rizal Commercial Banking Corporation (RCBC) inside the Laguna Industrial Science Park in Barangay Pulo of Cabuyao, Laguna. [5] The crime occurred prior to the scheduled 9am opening of the outlet with customers alerting the police after the bank did not open as scheduled. [5]
RCB Bank was founded in 1995 under the name Russian Commercial Bank (Cyprus), which changed to simply RCB Bank in November 2013. [10] The bank is based in Limassol, with branches in Nicosia [11] and nine other locations across Cyprus as of July 2018. [12] It also has branches in Luxembourg and representative offices in Moscow and London. [10]
The bank was established by Alfonso Yuchengco on September 23, 1960, as Rizal Development Bank, a small development bank in Rizal province. [13] It was later upgraded to a commercial bank upon the approval of the Bangko Sentral ng Pilipinas and, in 1963, began operation as such under its present name Rizal Commercial Banking Corporation ( RCBC ).
Vijay Vittal Mallya (born 18 December 1955) is an Indian fugitive, former businessman, [5] and politician. [6] [7] He is the subject of an extradition effort by the Indian Government to return him from the UK to face charges of financial crimes in India.
Nirav Deepak Modi (born 27 February 1971) is an Indian-born Belgian fugitive who was charged by Interpol and the Government of India for criminal conspiracy, criminal breach of trust, cheating and dishonesty including delivery of property, corruption, money laundering, fraud, embezzlement and breach of contract in August 2018. [3]
The receivership of Washington Mutual Bank by federal regulators on September 26, 2008, was the largest bank failure in U.S. history. Regulators simultaneously brokered the sale of most of the banks's assets to JPMorgan Chase , which planned to write down the value of Washington Mutual's loans at least $31 billion.
Bank fraud is the use of potentially illegal means to obtain money, assets, or other property owned or held by a financial institution, or to obtain money from depositors by fraudulently posing as a bank or other financial institution. [1] In many instances, bank fraud is a criminal offence.
Assuming her debit card had been duplicated, she filed a police report and reported the fraud to her bank, GO2Bank. At first, the money was refunded. But a month later, GO2Bank contacted Thompson ...