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Commercial banks in Singapore may undertake universal banking, such as the taking of deposits and the provision of cheque services and lending, as well any other business authorised by the Monetary Authority of Singapore, including financial advisory services, insurance brokering and capital market services, as long as they are permitted under section 30 of the Banking Act.
Cape Fear Bank: Chapter 11 bankruptcy and liquidation financial company [58] April 10, 2009: New Frontier Bank: Chapter 11 bankruptcy and liquidation Bank [59] April 17, 2009: American Sterling Bank: Metcalf Bank: Bank [60] April 24, 2009: American Southern Bank: Georgia Department of Banking and Finance: Bank $ 216,600,000 [61] May 8, 2009 ...
After 3 years, both banks were put into bankruptcy, a new nationalized bank was created and the assets of the two bankrupt banks and the bank accounts of local account holders were transferred to the new bank and the local depositors were made whole by stealing about $180 million of money belonging foreign depositors, who lost their entire savings.
On July 13, 2015, DonJon filed for Chapter 11 bankruptcy protection in the U.S. Bankruptcy Court for the District of Connecticut with a debt of $32,509,549.91. Modern bankruptcy law often distinguishes reorganization , in which only some of the bankrupt's assets are taken, a repayment plan is devised and part of the debt is discharged , from ...
Correction, Nov. 9, 2023: The online version of this newsletter has been corrected to reflect that E&Y was a consultant, not Silicon Valley Bank’s auditor. Joe Abrams curated the deals section ...
The only part of the bank that did not go into bankruptcy, the mortgage section, became in 1892 the Banco Hipotecario del Uruguay, nationalized in 1912 and still in operation. 1888 Hatton National Bank: Ceylon Sri Lanka: Established in 1888 as the “Hatton Bank” to cater to the flourishing tea industry in the central region of Sri Lanka. [15 ...
Hin Leong Trading was a commodity trading corporation [1] registered and headquartered in Singapore that was founded in 1963 by Lim Oon Kuin. One of Singapore's largest independent oil traders, the firm collapsed in 2020 amid allegations of $800 million in undisclosed losses. [2] Hin Leong filed for bankruptcy protection in April 2020. [3]
Pages in category "Banks of Singapore" The following 12 pages are in this category, out of 12 total. This list may not reflect recent changes. ...