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Vietnam's Hoan My Medical raises $100 mln in bonds
Private hospital chain Hoan My Medical Corp has raised bonds worth VND2.33 trillion ($99.9 million) through Standard Chartered Bank (SCB) Vietnam.
SCB appoints foreign acting CEO
Sai Gon Joint Stock Commercial Bank (SCB) has announced the appointment of Chen Yi-Chung (Jeremy Chen) as new acting CEO.
Central bank assures panicked depositors
The central bank had to intervene to prevent a run on Saigon Commercial Bank.
October 7, 2022 | 07:27 pm PT
Woman found spreading fake news, urging SCB withdrawals
A 41-year-old woman has been found posting false information on Facebook and urging people to withdraw their money from the Saigon Commercial Bank (SCB).
October 12, 2022 | 06:46 am PT
Beleaguered bank attracts deposits of $255 mln in single day after interest hike
Embattled Saigon Commercial Bank received nearly VND6 trillion (US$255 million) worth of deposits on Wednesday after getting VND1.6 trillion on Tuesday, the State Bank of Vietnam said.
October 12, 2022 | 06:26 pm PT
Vietnam's central bank puts SCB under special control
The State Bank of Vietnam has decided to put Saigon Joint Stock Commercial Bank (SCB) under special control to ensure normal operations and liquidity.
October 15, 2022 | 04:26 am PT
Troubled SCB gets new chairman
The Saigon Joint Stock Commercial Bank (SCB) has four new board members and a new chairman per a decision by the State Bank of Vietnam.
October 15, 2022 | 07:28 pm PT
SCB holds meeting with An Dong bond buyers
The Saigon Commercial Bank has held a meeting with investors who bought bonds from An Dong Investment Group, a company it endorsed but which has allegedly committed fraud.
November 7, 2022 | 07:10 pm PT
Market vendor sues SCB, securities firm for duping her into buying bonds
Pham Doan, a vendor in a traditional market in HCMC, is suing Saigon Joint Stock Commercial Bank (SCB) and Tan Viet Securities for allegedly tricking her into investing in bonds.
March 3, 2023 | 09:27 pm PT
Over 100 HCMC residents claim defrauded by bank, insurance firm
A total of 112 Ho Chi Minh City residents have gathered at a police office to accuse Saigon Commercial Bank and insurer Manulife of defrauding them.
April 21, 2023 | 01:57 am PT
PM urges swift restructure of lender SCB
Prime Minister Pham Minh Chinh has instructed the State Bank of Vietnam to swiftly draft plans for restructuring weak banks, including the Saigon Joint Stock Commercial Bank (SCB).
April 23, 2023 | 06:49 pm PT
All accusations of fraud will be examined: Manulife chairman
Though most accusations of fraud against Manulife Vietnam are unfounded, it would review all complaints and offer solutions to customers, including lowering premiums, its chairman, Sachin Shah, has said.
April 26, 2023 | 09:56 pm PT
Banks, insurers marry in haste, repenting at leisure
Bancassurance may have helped banks and insurers increase their incomes, but it has turned out that many customers were arm-twisted or misled into buying insurance.
August 15, 2023 | 03:06 pm PT
Lender SCB restructuring plan submitted to government
The State Bank of Vietnam (SBV) has presented a restructuring plan to the government in hopes of receiving approval to restructure Saigon Commercial Bank (SCB).
September 18, 2023 | 06:11 pm PT
SCB has new chairman
Phan Dinh Dien, one of the state-owned Vietnam Bank for Agriculture and Rural Development (Agribank)'s board of members, has been appointed the new chairman of lender SCB as of Sept. 22.
September 23, 2023 | 07:48 am PT
Central bank seeks investor to take over ailing Saigon Commercial Bank
The State Bank of Vietnam is looking for a bank willing to acquire Saigon Commercial Bank (SCB).
October 9, 2023 | 09:07 pm PT
Bank bad debts rise beyond 3%
Banks’ bad debts had surged from 2% at the start of the year to 3.56% by the end of July, according to the central bank.
October 13, 2023 | 09:48 pm PT
Former bank execs wanted in Van Thinh Phat bond fraud case
Vietnamese police are calling for seven former executives of the Sai Gon Joint Stock Commercial Bank, including two chairpeople, to hand themselves in for involvement in Van Thanh Phat's bond fraud case.
October 29, 2023 | 06:14 am PT
Van Thinh Phat chairwoman accused of stealing $12.5B
Truong My Lan, chairwoman of disgraced property developer Van Thinh Phat, has been accused of manipulating lender SCB in order to appropriate VND304 trillion ($12.53 billion) from its customers.
November 17, 2023 | 11:38 pm PT
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