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                    [ArticleID] => 261113
                    [Title] => Banks to share losses for bankruptcies?
                    [Summary] => Up until Enron, the big international banks had nothing to lose. They don’t have to do careful due diligence before granting large loans because by the time a large client goes under, they had already collected their fat fees. The banks also somehow manage to be first in line to get paid when the assets are divided or the firm is rehabilitated. 


Strangely enough, no one asks whether the bank should bear part of the loss for bad credit judgment. Or worse, think that the bank was part of a conspiracy that helped in the firm’s collapse. 


                    [DatePublished] => 2004-08-13 00:00:00
                    [ColumnID] => 133182
                    [Focus] => 0
                    [AuthorID] => 1804837
                    [AuthorName] => Boo Chanco
                    [SectionName] => Business
                    [SectionUrl] => business
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                    [ArticleID] => 234839
                    [Title] => Search for missing Parmalat funds puts spotlight on tax havens
                    [Summary] => PARIS  (AFP) – The collapse of the Italian dairy conglomerate Parmalat and the search for an estimated 10 billion euros ($12.6 billion) missing from its accounts illustrate the limited scope of international efforts to shine light into the murky world of money laundering and tax havens. 


Despite initiatives by the United Nations, an OECD-based watchdog and individual countries to combat money laundering and, particularly after the Sept. 11 terror attacks, terrorist financing, both clean and dirty money continues to flood into tax havens. 


                    [DatePublished] => 2004-01-12 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1305823
                    [AuthorName] => Emmanuel Defouloy
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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PARMALAT

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                    [ArticleID] => 261113
                    [Title] => Banks to share losses for bankruptcies?
                    [Summary] => Up until Enron, the big international banks had nothing to lose. They don’t have to do careful due diligence before granting large loans because by the time a large client goes under, they had already collected their fat fees. The banks also somehow manage to be first in line to get paid when the assets are divided or the firm is rehabilitated. 


Strangely enough, no one asks whether the bank should bear part of the loss for bad credit judgment. Or worse, think that the bank was part of a conspiracy that helped in the firm’s collapse. 


                    [DatePublished] => 2004-08-13 00:00:00
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                    [ArticleID] => 234839
                    [Title] => Search for missing Parmalat funds puts spotlight on tax havens
                    [Summary] => PARIS  (AFP) – The collapse of the Italian dairy conglomerate Parmalat and the search for an estimated 10 billion euros ($12.6 billion) missing from its accounts illustrate the limited scope of international efforts to shine light into the murky world of money laundering and tax havens. 


Despite initiatives by the United Nations, an OECD-based watchdog and individual countries to combat money laundering and, particularly after the Sept. 11 terror attacks, terrorist financing, both clean and dirty money continues to flood into tax havens. 


                    [DatePublished] => 2004-01-12 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1305823
                    [AuthorName] => Emmanuel Defouloy
                    [SectionName] => Business
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abtest

Banks to share losses for bankruptcies?

By Boo Chanco | August 13, 2004 - 12:00am

Up until Enron, the big international banks had nothing to lose. They don’t have to do careful due diligence before granting large loans because by the time a large client goes under, they had already collected...

Business

Search for missing Parmalat funds puts spotlight on tax havens

By Emmanuel Defouloy | January 12, 2004 - 12:00am

PARIS (AFP) – The collapse of the Italian dairy conglomerate Parmalat and the search for an estimated 10 billion euros ($12.6 billion) missing from its accounts illustrate the limited scope of international...

Business