Within days — perhaps even hours — of news that Goldman Sachs (GS.N) was facing fraud charges from U.S. regulators, rivals seized on a chance to elbow in front of Wall Street’s most profitable bank. DEALS Investment bankers have been lobbying executives at state-owned Agricultural Bank of China and pushing officials in Beijing to drop [...]

c, financial scandals, goldman, investment banks, structured products Hide

Royal Bank of Scotland’s deal for ABN Amro is acknowledged as a shocker. But is it the worst ever? Mathieu Robbins counts down the top ten bad deals. Tuesday, 20 January 2009 Is Royal Bank of Scotland’s horrendously damaging acquisition of Dutch rival ABN Amro in 2007 the worst ever M&A deal? According to academics, [...]

financial scandals, investment banks, investments, M&A Hide

Accused of overseeing Ponzi scheme Toronto police have issued an arrest warrant for a man claiming to be the “Chinese Warren Buffett” for allegedly defrauding more than 100 people of a combined $30 million. Weizhen Tang, 51, is wanted on fraud charges for overseeing what police call a Ponzi scheme between January 2006 and March [...]

China, financial scandals, losses, ponzi, Scams Hide

I joined the Money section of The Straits Times in May 2000. Back then, the personal finance sector, made up of banks, insurers and broking houses, was like a sleepy giant. Each party operated in its own silo and cross-selling was uncommon. But my timing couldn’t have been better because, fortunately for me, the party [...]

dubious practices, financial products, financial scandals, insurance, investments, lesson, losses, Scams, Singapore Hide

CNBC Video Airtime: // Thurs. Dec. 31 2009 | 7:33 AM ET The number of Ponzi schemes that came to light in the U.S. in 2009 nearly quadrupled. Asher Rubinstein, partner at Rubinstein & Rubinstein, offers his take on how to prevent future scandals, with CNBC’s Martin Soong.

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Here is a summary of 10 of 2009′s notorious financial scandals. -Reuters The year of the Ponzi scheme will be followed by heightened regulation and more aggressive prosecutions, experts say. Regulators and prosecutors are scrambling to uncover and pursue more fraudsters, while lawmakers seek to close regulatory gaps and give officials more resources. Here is [...]

financial scandals, investments, losses, risk, Scams Hide