Extraordinary Vietnam fraud case exposes the inherent vulnerabilities of banks
- Written by George Kladakis, Lecturer in Finance, University of St Andrews
The financial crisis of 2008 showed just how much the world depends on banks being well run. Since then, regulators have been given new powers to keep some of the biggest institutions on a much shorter leash to stamp out risk, greed and corruption.
But this approach hasn’t worked everywhere. On April 11 2024, a businesswoman in Vietnam was s...