From the Editor's Desk

Extraordinary Vietnam fraud case exposes the inherent vulnerabilities of banks

The financial crisis of 2008 showed just how much the world depends on banks being well run. Since then, regulators have been given new powers to keep some of the biggest institutions on a much shorter leash to stamp out risk, greed and corruption.

But this approach hasn’t worked everywhere. On April 11 2024, a businesswoman in Vietnam was sentenced to death for taking out US$44 billion (£35bn) in fraudulent loans from one of the country’s biggest banks.

Continued here

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