Word: bankses
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Merkel is also keen to play an active role in shaping the debate about what international financial market regulation should look like after the crisis. At the Paris conference on the future of capitalism hosted this week by Nicolas Sarkozy and Tony Blair, Merkel was pushing for greater regulation of...
The modern way of burying a treasure chest of cash, banking experts say, is to have your own bank that is funded by nameless wire transfers to Switzerland, the Caymans, Liechtenstein. It's still unclear as to whether Madoff had his own bank, but there is always the ever popular...
A guilty conscience, billions to play with and oodles of time is the perfect recipe for massive deception, according to Christopher Reich, best-selling author of financial thrillers such as Number Account and the recent Rules of Deception. "Madoff had decades to prepare for this day, and it's likely...
The cost of the reprieve was high, however. Banks demanded that Merckle sell his stakes in HeidelbergCement, Ratiopharm and Phoenix Pharmahandel.
It is not clear what impact Merckle's death will have on negotiations with his creditor banks. The banks say the restructuring of his assets will continue as planned.