Word: banco
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Dates: during 2000-2009
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...allies to stop the North's cigarette exports. But there are clear signs that pressure on Kim's regime is being ratcheted up as the U.S. targets the country's various sources of dubious income. Last September, for example, the U.S. Treasury Department designated Banco Delta Asia in Macau as a "primary money laundering concern" and alleged that it facilitated the North's criminal activities by circulating counterfeit currency (charges the bank denied). And a senior Treasury Department official called on the South Korean government last week to help the U.S. combat the North's alleged involvement in such businesses...
HANDED OVER. Temporary management of BANCO DELTA ASIA, a Macau bank that the U.S. has accused of laundering money for North Korea; to the Macau government, in an attempt to stop a run on the bank; in Macau. Last month the U.S. Treasury Department called the bank a "primary money laundering concern" and proposed severing its ties to the American financial system. Over the following three days, nervous depositors withdrew about $39 million, or 10% of the bank's deposits. Bank officials deny the U.S. allegations...
...same period that Harvard unloaded its 67,200 shares of PetroChina on the New York Stock Exchange, it also sold all 67,200 American shares it owned of Banco Bradesco, a Brazilian banking and insurance firm. And Harvard also sharply reduced its holdings of Huaneng Power International, a Chinese electric company...
...CHARGED. GIUSEPPE (PIPPO) CALO, 73, FLAVIO CARBONI, MANUELA KLEINSZIG and ERNESTO DIOTALLEVI, with the 1982 murder of Banco Ambrosio chief Roberto Calvi; in Rome. Calvi, known as "God's banker" because of his close ties with the Vatican, traveled to London when his bank was near collapse and was found hanging under Blackfriars Bridge in London, his pockets stuffed with bricks, rocks, a false passport and several thousand dollars in cash. A London coroner originally ruled the death a suicide, but in 2003, Italian prosecutors issued a report concluding that Calvi had been murdered by the Mafia...
...Bank Raid Italian banks are suddenly under assault from European rivals. ABN Amro of the Netherlands is expected to announce a bid for Banca Antoniana Popolare Veneta, Italy's ninth-largest bank, as early as this week. That follows this month's €6.5 billion bid by Spain's Banco Bilbao Vizcaya Argentaria for the 85% of Banca Nazionale del Lavoro it doesn't already own. The moves amount to an earthquake for Italian banks, which are all firmly in Italian hands and have until now been able to count on the Bank of Italy to protect them from foreign...