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  • Reuters

    Australia fines Macquarie Bank $6.4 million for not preventing unlawful third-party transactions

    The bank allowed customers to give third parties, such as financial advisers and stockbrokers, different levels of transaction authority, including to withdraw fees, the Australian Securities and Investments Commission (ASIC) said in a statement. Macquarie Group, which controls the bank, said it would fully reimburse the 13 affected clients, following its failure to compensate them for their losses. The bank has agreed to pay the fine, the ASIC added.

  • Thomson Reuters StreetEvents

    Q1 2024 First Industrial Realty Trust Inc Earnings Call

    Q1 2024 First Industrial Realty Trust Inc Earnings Call

  • Reuters

    Vietnam continues support for bank engulfed in massive fraud, central bank says

    Vietnam's central bank said on Friday it had continued providing support to Saigon Joint Stock Commercial Bank (SCB), which it put under special supervision in October 2022 after a run on its deposits. Reuters reported on Wednesday the central bank had pumped nearly $24 billion in SCB to prevent its collapse, and that special loans to the bank had continued at least until early April. The central bank placed SCB under its supervision to stem a run on the bank sparked by the October 2022 arrest of real estate tycoon Truong My Lan, who was last week sentenced to death over her role in a $12.5 billion financial fraud case, Vietnam's biggest of its kind.