Vietnam's central bank has expanded its massive bank rescue effort in response to a deposit exodus, a document shows. Over the last two months, the central bank lent an additional $1.2 billion to the ailing Saigon Joint Stock Commercial Bank (SCB). Since October 2022, the central bank has spent $24.5 billion on a depositor bailout for SCB, as of May 29, 2024. This effort underscores the ongoing financial instability within Vietnam's banking sector.
Vietnamese police are seekomg to prosecute real estate tycoon Truong My Lan for alleged money laundering nearly two months after she was sentenced to death in a $12 billion fraud case, Tuoi Tre newspaper reported https://t.co/vvACeiyCUa
Vietnam expands massive bank rescue effort https://t.co/awbPz9uv32
Exclusive: Vietnam expands massive bank rescue effort https://t.co/sPd3jBd43r https://t.co/ck2SitcYo2
🔵 EXCLUSIVE-VIETNAM EXPANDS MASSIVE BANK RESCUE EFFORT ON DEPOSIT EXODUS, DOCUMENT SHOWS Full Story → https://t.co/Yqskg5q5jh Vietnam's central bank lent another $1.2 billion to ailing Saigon Joint Stock Commercial Bank over the last two months, according to a bank document…
⚠️ EXCLUSIVE-VIETNAM CENTRAL BANK LENT ANOTHER $1.2 BLN TO SAIGON JOINT STOCK COMMERCIAL BANK (SCB) OVER LAST TWO MONTHS, DOCUMENT SHOWS **EXCLUSIVE-VIETNAM CENTRAL BANK HAS SPENT $24.5 BLN ON SCB DEPOSITOR BAILOUT FROM OCTOBER 2022 TO MAY 29, 2024, DOCUMENT SHOWS