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Wells Fargo CEO is out as bank grapples with sales scandal

english.sun.mv/40227
13 Oct 2016

NEW YORK (AP) — Wells Fargo's embattled CEO John Stumpf is stepping down as the nation's second-largest bank is roiled by a scandal over its sales practices. The San Francisco bank said Stumpf is ret...

Wells Fargo CEO is out as bank grapples with sales scandal

en.sun.mv/40227
13 Oct 2016

NEW YORK (AP) — Wells Fargo's embattled CEO John Stumpf is stepping down as the nation's second-largest bank is roiled by a scandal over its sales practices. The San Francisco bank said Stumpf is ret...

Bank deposits increase by 10 percent

avas.mv/en/23960
12 Oct 2016

Central Bank, Maldives Monetary Authority (MMA) says the deposits for the first quarter had increased by 10 percent, with banks issuing 20 percent more loans to individual businesses. MMA said by the...

Singapore closes Falcon Private Bank for Malaysian Fund link

en.sun.mv/40178
11 Oct 2016

SINGAPORE (AP) — Singapore regulators ordered the closure Tuesday of Falcon Private Bank, citing alleged slack controls for transfers and improper conduct related to 1MDB, an indebted Malaysian state...

Singapore closes Falcon Private Bank for Malaysian Fund link

english.sun.mv/40178
11 Oct 2016

SINGAPORE (AP) — Singapore regulators ordered the closure Tuesday of Falcon Private Bank, citing alleged slack controls for transfers and improper conduct related to 1MDB, an indebted Malaysian state...

Singapore shuts down second bank linked to 1MDB

en.mihaaru.com/?p=4361
admin 11 Oct 2016

A view shows the Centennial Tower where the Falcon bank office is located, in Singapore on October 11, 2016. Singapore’s central bank on October 11 shut down a second Swiss bank under investigation fo...

Bank of Maldives to support Maldives Investment Forum

miadhu.com/article/en/59...
BY: moosawaheed, 11 Oct 2016

Bank of Maldives has become a Platinum Sponsor of the Maldives Investment Forum 2016. The partnership was formalized at a ceremony held at the Ministry of Economic Development today. BML CEO and Manag...

Mauritius Commercial Bank sued for ‘misplaced’ USD250k cheque

en.mihaaru.com/?p=4338
Mohamed Visham 10 Oct 2016

The Mauritius Commercial Bank (MCB) branch in the capital Male. MIHAARU FILE PHOTO/NISHAN ALI An aggrieved customer has filed a lawsuit against the Mauritius Commercial Bank (MCB) after the bank alleg...

World Bank agrees to increase assistance to Maldives: Zuhoor

avas.mv/en/23780
09 Oct 2016

Economic Council Chair and Minister at President's Office Ahmed Zuhoor has stated that World Bank has given assurance they will be increasing the aid granted to the Maldives. Speaking to Avas regardi...

Maldivian bank rejects USD 10 mn deposit from Guyanese investor

en.sun.mv/40119
08 Oct 2016

An Asian bank in Maldives has refused to accept a USD 10 million deposit made by a Guyanese investor over concerns regarding the origin of the money. The incident was reported by the newspaper Guyana...

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