Photo of the Remarkables mountain range in Queenstown, New Zealand.

Archive for February 17th, 2015

Bank ‘crippled’ by $68 million run

Bank ‘crippled’ by $68 million run

| 17/02/2015 | 0 Comments

(CNS Business): Caledonian Bank has now filed for bankruptcy in New York following a crippling run on the bank last week triggered by the news that the US Securities and Exchange Commission had sued the bank over a $75 million penny stock scam. In his ruling regarding the appointment of controllers by CIMA, the chief justice […]

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