Results tagged “banking”

NTDTV speaks to Natan Galkovitch, one of 100 victims of terror in Israel who are now suing the Bank of China for not preventing money that was transferred to the Hamas, and Nitsana Darshan-Leitner, an attorney for the plaintiffs. Among the claims of the suit:

...beginning in July 2003, the Bank of China executed dozens of wire transfers for the terrorist groups totaling several million dollars. Many of the transfers were initiated in the Middle East, sent to branches in the U.S. then to an account at a bank branch in Guanzhou, China, the suit said.

Continue reading "More on the Bank of China terrorism case"

China's banking regulator has called on domestic banks to cooperate with foreign media and to set up a 24-hour "fast track" for responding to foreign media interview requests and inquiries during the period of the Beijing Olympics. One Chinese banker noted, "It is very interesting to see that China's banking and securities regulators chose two completely different media strategies for the same purpose: to protect the good image of these two very important industries." As we reported earlier, the securities regulatory body has warned fund managers not to speak to the press publicly in any way that would destabilize the stock market which has fallen 50% since its peak on October 2007.