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 […]

Continue Reading