News Formal

BANKING: Finance Minister moves to place Habib Overseas Bank under curatorship – prompted by greylisting?

  • 📰 dailymaverick
  • ⏱ Reading Time:
  • 1 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 4%
  • Publisher: 84%

Singapore News News

Singapore Singapore Latest News,Singapore Singapore Headlines

Habib Overseas Bank, one of the smaller South African banks that opened its doors in 1990, was placed under curatorship on Sunday night by the Minister of Finance. This followed a recommendation from the Prudential Authority based on governance, ...

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in SG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Finance minister places Habib Overseas Bank into curatorship to protect depositors | BusinessMinister of Finance Enoch Godongwana has placed Habib Overseas Bank under curatorship with immediate effect to deal with 'governance, compliance and operational failures' and protect the bank's depositors. | News24_Business _Business Is this the domain of the finance minister or the role of the reserve bank? Can someone with knowledge of these matters enlighten us all?
Source: News24 - 🏆 4. / 80 Read more »

PHANTOM SHARES: The Finance Ghost: CA Sales Holdings delivers the goodsNever heard of CA Sales Holdings? Well, it’s time you did.
Source: dailymaverick - 🏆 3. / 84 Read more »