As well as paying €294.4-million as a criminal fine, the bank will also hand over 400,000 euros in civil damages to the Belgian state.
African Bank, South Africa’s largest provider of unsecured loans, has posted a loss for the fiscal year through September.
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/ 30 September 2008
Bank rescues spread in Europe on Tuesday and some investors expressed faith that the US Congress would eventually pass a -billion bailout plan.
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/ 30 September 2008
US presidential candidate Barack Obama urged lawmakers on Tuesday to return to the negotiating table to work on a financial rescue deal.
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/ 30 September 2008
Microsoft chief executive Steve Ballmer said on Tuesday no company was immune to the global financial crisis.
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/ 29 September 2008
The central banks of Japan and Australia hosed more cash at their banks to persuade them to resume lending to each other after bank failures.