Tag: Risk
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Bank of Valletta yet in the middle of another government scandal
Bank of Valletta was extensively used by the Joseph Muscat administrations as a facilitator to the government’s corruption such as in the case of Steward Health Care in which Bank of Valletta gave a €36 million to Steward. Its previous Chief Risk Officer, Miguel Borg, was fired over the incident and he was subsequently awarded…
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The corrupt banker at Bank of Valletta
After years of constant mismanagement and capital destruction, Bank of Valletta was turned into a liquidity provider for Joseph Muscat’s fraudulent and corrupt public projects namely for Electrogas and the Vitals and Steward deals. Bank of Valletta loaned €36 million to Steward and backed the government’s guarantee to Electrogas. In order to conduct this kind…
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This is what de-risking means
Bank of Valletta has been under fire for money laundering and managing very risky clients from dirty oil traders, to corrupt government officials and eventually lost its US Dollar corresponding bank. In order to clean up its name, BOV went into an alleged de-risking exercising and ordinary clients know very well what this means with…
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“The line is NATO”. I’m not so sure.
I’m of the understanding that several liberal commentators have an absolute and sure answer to the question “Where is the line of war with Russia?”, and they say it is NATO. I’m not so sure. Anyone, who is so absolutely sure that the line is NATO is being obnoxious. I don’t have the answer to…
