Frauds & Scandals

HSBC directors to quit over threat to jail bosses for banking crises

The Guardian/Tuesday 7 October 2014 Two directors of HSBC’s UK bank are poised to quit in protest at new Bank of England rules that could make directors and top executives criminally liable if a bank fails. Alan Thomson, who is on the audit and risk committees of HSBC Bank plc […]

JPMorgan Chase hackers tried infiltrating other institutions: WSJ

Mon Oct 6, 2014/Reuters Hackers who breached JPMorgan Chase & Co’s computer network earlier this year also tried to infiltrate other financial institutions, the Wall Street Journal reported, citing people familiar with the investigation. Federal officials had asked financial institutions last month to check whether they had seen indications of […]

Missing $10.8bn audit report ready November —Okonjo-Iweala

The audit report on the alleged $10.8bn missing from the coffers of the Nigerian National Petroleum Corporation will be ready in November, the Minister of Finance, Dr. Ngozi Okonjo-Iweala, has said. The minister spoke at the Financial Times Africa Summit 2014 in London on Monday. She said there had been […]