Archive for February 17th, 2015
![Bank ‘crippled’ by $68 million run Bank ‘crippled’ by $68 million run](http://i0.wp.com/cnsbusiness.com/wp-content/uploads/2015/02/Caledonian-House-3.jpg?resize=150%2C150&ssl=1)
Bank ‘crippled’ by $68 million run
(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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