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Irish bankers tarnished again as mortgage scandal mounts

Bloomberg Helen Grogan says her bank has left her brimming with ‘rage, frustration and anger’ and 40,000 euros ($47,000) worse off. In common with 13,000 other Irish bank customers, Grogan was overcharged in a mortgage scandal that has reignited anger towards the industry almost a decade after taxpayers had to bail it out. “I was ripped off by the bank,” ...

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Vietnam’s central bank says it’s able to keep currency stable

Bloomberg Vietnam’s central bank said record-high foreign reserves will enable it to keep the currency stable for the rest of the year as the government focuses on boosting growth in the Southeast Asian economy. With reserve levels at $45 billion, “we are confident that we will be able to maintain the dong’s value,” in 2017, Nguyen Thi Hong, deputy governor ...

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Commerzbank hires Goldman, Rothschild as advisers

Bloomberg Commerzbank AG has hired Goldman Sachs Group Inc. and Rothschild & Co. as financial advisers as the German lender faces possible takeover bids from European competitors, the Financial Times reported, citing unidentified people. The firms are advising Commerzbank on its options and not necessarily preparing a defense strategy for any acquisition attempt, the newspaper reported one of the people ...

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