Bankers pocket kickbacks, loan irregularities valued at $150 million, brokers in the mix and “participating in a criminal group”. It is hard to imagine this went down in Australian banks …
#banking#deals#trading#finance#privateequity#investment
https://t.co/HCUa3cPY3X
@business Good insights - and cross-border risk is usually high higher. Usually it’s best if you have a team that can go and check what’s happening inside the business. An independent team is best. Annual period review of specific areas is a good thing.
Bank CEO’s Second Arrest Adds Violent Twist to Brazil Scandal. Accusations of fraud, threatening to attack a journalist, and interfering with ongoing investigations into the banking #scandal#business#deals#banking#savings#makemoney#PrivateEquity
https://t.co/WPsu4vTc6p
@business Private credit is a good thing yes. However, the standard of due diligence, prior to issuing credit, to new clients should remain high, in order to avoid issues 👍🏼
U.S. credit card debt hits a record $1.28 trillion. Do you think a freeze of 10% on credit card interest rates and capping it at 10% will help consumers to ease the financial pressure?
The Gov wants to cap rates from 22% to 10%. Will it help ?
#credit#creditcard#business
@markets Interesting, and the investment blueprint is questionable based on multiple political and geopolitical issues. What’s next ? The more unstable companies income, the more risk taking is going on - expect a rise in trading misconduct, ethics violations and corporate crimes.
@business Something is going on in Turkey. Stocks plummeted and now the currency is going the same way, down. Please don’t lose faith in the Turkish people and Turkey is a great country 👍
@business Private companies spend thousands of hours identifying deals and ideas. Red-tape and bureaucracy must not limit private companies innovation 👍