Deutsche Bank Defends Role in Collapse of Company in Singapore
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Deutsche Bank defended today its role in the collapse of a Chinese government-controlled company in Singapore early last week, as investigators continued to study what went wrong.
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HONG KONG - Safe boxes from a local branch of a Singapore-based bank were taken away and crushed as scrap metal, leaving customers shocked and angry at the loss of their most valued possessions, newspapers reported Wednesday.    Embarrassed executives at DBS Bank (Hong Kong) say they will take "ultimate responsibility" after 83 boxes filled with valuables were removed by a renovation contractor, then dumped and compressed in a local junkyard, according to several reports...
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British Prime Minister Gordon Brown defended his decision to nationalize the struggling lender Northern Rock but some shareholders are threatening legal action.
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HONG KONG : More problems for DBS after its accidental destruction of 83 safe deposit boxes in Hong Kong. The bank could now face &quot;supervisory action&quot; from the Hong Kong Monetary Authority.
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Britainâs Treasury chief, Alistair Darling, said that Britain would not protect businesses that make bad judgments, despite a billion-dollar rescue of a struggling bank.
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Deutsche Bank said Ulrich Cartellieri, a key member of its supervisory board and an opponent of chief executive Josef Ackermann, told the board he intends to step down &quot;due to differences of opinion on the bank's strategy&quot;.
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Business & money: UK-based bank confirms Â£9bn from the governments of China and Singapore will help it finance an improved takeover offer for Dutch rival ABN Amro.
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The Hong Kong Monetary Authority (HKMA) Wednesday announced that it has required DBS Bank (Hong Kong) Ltd to carry out a thorough investigation into the recent destruction
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Deutsche Bank, Germany's biggest bank, said it has amassed 5.006 percent of its own shares by way of a big share buy-back programme.
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Business & money: Permira accused of failing to protect shop staff.
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Singapore's High Court clears Deutsche Bank of conspiracy over the sale of shares in an Indonesian coal miner.
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One of India's largest retail firms, whose expansion has sparked violent protests, defends its growth plans.
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Business & money: Bank working to raise around Â£10bn from the Chinese and Singapore governments.
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WESTERN banks are waiting to see if the Chinese Government will act to limit their exposure to the financial scandal in Singapore in a which a company
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Business & money: Shares fall on firmly denied report that investment arm was exposed to failure of German bank.
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Business & money: Â· Doubt cast on SocGen claim of single perpetratorÂ· Employee of financial services firm is held
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As criticism mounted yesterday over Banknorth Group&#39;s pending deal with a Canadian bank, chief executive William J. Ryan defended his decision to sell a majority