- April 23, 2024
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KBANK stock price jumped 4.44% or increased by 5.50 baht to 129.50 baht, trading value 1,338.25 million baht at 10.07 am from the opening price of 125 baht, the highest price 130 baht, the lowest price 125 baht.
Maybank Securities (Thailand) increases Kasikorn Bank (KBANK) stock recommendations from “Hold” to “Buy” after reporting better-than-expected and strong 1Q24 operating results, with the highest profit among banks commercial. The main factor supporting operating results came from a reduction in reserves. Including reduced operating costs Furthermore, ITD’s concern is that it is already classified as a state 2 debtor and has sufficient reserves. Alleviating worries about such factors And KBANK’s profit this year is expected to grow as expected by 6-7%, with an adjusted profit estimate of 3-4% and an increase in the target price of 130 baht / share to 145 baht / share.
Meanwhile, Phillip Securities (Thailand) raised KBANK’s profit forecast to 47 billion baht, up 11.8% YoY, and increased the base price to 144 baht from the original 139 baht due to better 1Q24 profit expected from lower insurance costs than expected provisions.
Penalty For Violating Money Laundering Rules 2024-04-23 01:49:19
In the course of the integration of Comdirect into the Commerzbank Group, some serious deficiencies emerged. This will cost Commerzbank dearly.
Commerzbank has to pay millions in fines due to deficiencies in money laundering prevention. The financial regulator Bafin imposed fines totaling 1.45 million euros.
Commerzbank AG and the online subsidiary Comdirect Bank, which was fully taken over in 2020, had violated their supervisory obligations, the Federal Financial Supervisory Authority (Bafin) announced on Monday.
Violation of anti-money laundering obligations
“As a result of inadequate monitoring, employees have violated anti-money laundering obligations by not updating customer data on a timely or sufficient basis and by taking inadequate internal security measures.” In addition, due to the breach of supervisory duty, the enhanced due diligence requirements were inadequately applied in three cases.
According to a Commerzbank spokeswoman, the necessary adjustment of processes and updating of data was fully completed in 2022. The background is the integration of the online subsidiary Comdirect Bank into the group.
Commerzbank has adapted processes
Requirements for checking the legitimacy of new customers as well as processes and controls for updating customer data in Comdirect were checked. This would have resulted in rework.
Verdict: BNSF Railway Found Liable For Fatalities In…
Montana Town Holds BNSF Railway Accountable for Asbestos-Related Deaths
A recent federal jury ruling in Montana found BNSF Railway responsible for the deaths of two individuals due to asbestos exposure from tainted mining material that passed through a town in Montana. The jury awarded $4 million each in compensatory damages to the estates of the deceased plaintiffs, who succumbed to illnesses linked to asbestos exposure.
Background of the Case
The contaminated vermiculite from Libby, Montana, known for its high concentrations of asbestos, was utilized in insulation and various commercial applications across the United States. The material, mined from a mountaintop near the town, was transported via rail cars, leading to spills in the Libby rail yard. Residents reported witnessing piles of vermiculite in the yard and dust from the facility spreading through downtown Libby.
Legal Proceedings and Accountability
While the jury did not attribute intentional or indifferent behavior to BNSF, no punitive damages were awarded. The estates of the victims argued that the railroad was aware of the dangers posed by the asbestos-laden vermiculite but failed to address the issue. Both victims lived in close proximity to the rail yard and later died from mesothelioma, a form of lung cancer associated with asbestos exposure.
Fraud Scheme When You Become An Accomplice: How…
The expert explains that criminals are constantly looking for ways to legalize money embezzled from companies and private individuals. In such cases, they use third parties to involve them in their activities through fake job advertisements.
Those tempted by them can become so-called money mules. money mule). This is a person who receives money into his bank account from one person and transfers it to another person, or cashes it out and passes it on to fraudsters, often receiving an attractive fee or other benefits.
Personal archive photo/Linas Sadeckas
“Therefore, although a money mule is not an organizer of a financial crime, he becomes an accomplice of criminals, and by allowing other persons to use his account, he risks losing his money as well. All banks consider such reckless behavior risky, therefore they may refuse to carry out monetary operations or transactions, terminate business relations, and a person caught in the traps of criminals may even face legal consequences,” the expert emphasizes.
How to recognize fake job offers?
One key feature is that one of the job functions presented in the ad or during a subsequent interview is related to money transfers.
Pascal De Izaguirre (Corsair): Rescue Of Corsair, Brussels…
This Monday, April 22, Pascal De Izaguirre, CEO of Corsair, discussed the development report of Corsair in 2023, the Brussels investigation concerning unfair competition and the group’s rescue plan, as well as his upcoming project concerning the decarbonization of aviation, in the show Good Morning Business, presented by Laure Closier and Christophe Jakubyszyn. Good Morning Business can be seen or listened to from Monday to Friday on BFM Business.
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Pepper Prices Increased Simultaneously
Pepper prices this week increased simultaneously in key provinces after a series of previous declines. Accordingly, pepper transaction prices increased by about 3,000 – 6,000 VND/kg in provinces and cities.
Traders in Dak Lak are buying pepper at the highest price of 95,000 VND/kg, an increase of 6,000 VND/kg compared to the beginning of the week.
The two provinces of Gia Lai and Dong Nai both increased by 3,000 VND/kg, currently recording a common level of 92,000 VND/kg. After increasing by 3,500 VND/kg, pepper price in Dak Nong is 92,500 VND/kg.
Pepper price in Ba Ria – Vung Tau and Binh Phuoc provinces is 94,000 VND/kg, both increased by 4,500 VND/kg last week.
During the week, pepper prices increased simultaneously. Illustration photo: tapchitaichinh.vn
Pepper prices today, April 21, in the Central Highlands and Southeast regions continue to be sky-high, with increases ranging from 1,000 VND/kg to 2,500 VND/kg.
Specifically, in the Central Highlands region, Dak Lak pepper prices continued to increase by 1,000 VND/kg compared to yesterday to reach 98,000 VND/kg; Chu Se pepper price (Gia Lai) increased by 2,500 VND/kg to 97,000 VND/kg, Dak Nong pepper price today increased by 2,000 VND/kg to 97,000 VND/kg.
Dairy Cooperative Milcobel Wants To Cut 130 Jobs…
#Dairy #cooperative #Milcobel #cut #jobs #Domestic
© BELGIUM
The Belgian dairy cooperative Milcobel wants to reform its organization, cutting 130 of the 1,500 jobs in Belgium. The company reports this in a press release. Consultations on the restructuring will start with the trade unions.
The intervention is necessary after loss figures in 2023, it is said. “A very turbulent global dairy market, both on the demand and supply sides, requires more flexibility.” The company says it could not immediately pass on its increased costs for energy, raw materials, services and wages.
Milcobel wants to make the organization more efficient and plans to partially scale back the milk powder activities in Kallo, East Flanders, from September. The company says it is open to the possible repurposing of powder installations that become available, for example for plant-based alternatives or for production for third parties.
Jobs are disappearing mainly in Kallo, “more than half”, but also in Milcobel branches in Bruges, Langemark and Moorslede.
The company is also taking other measures. For example, no management bonuses will be paid,
Jakub Ponk Appointed Director Of Research And Development…
In the heart of Valassko, a region rich in history and tradition, a man with a passion for vintage vehicles devotes his time to restoring and renovating old windmills. From a young age, he worked alongside his brother and father, learning the art of preservation and craftsmanship.
Among the treasures he works on are the iconic Tatra trucks, a symbol of Czech engineering excellence. Even today, he continues his work on windmill repairs, although his new job leaves him with less time for his beloved hobby.
Looking towards the future, the new director of research and development at the Tatra company has a clear vision. He plans to build on current projects and introduce innovations that will significantly increase production capacity and offer modern commercial vehicles that meet the evolving needs of users in various market segments, including vehicles with alternative propulsion systems.
Collaborating with the management team led by the CEO, the new director aims to spearhead projects that will bring to life commercial vehicles offering even greater value compared to the competition, a hallmark of the Tatra brand.
As the legacy of Tatra continues to evolve, the dedication to craftsmanship and innovation remains at the core of the company’s mission.
Lvmh, Belloni Starts His Own Business: Ready To…
Belloni: LVMH is still focusing on Italy, ready investments
Toni Belloni, who will turn seventy in a few months, laughs in her interview with Courier Economy. «I like to call myself a CEO, Chief Energy Officer», jokes the number two of Bernard Arnault, the LVMH magnate. At the end of March, it was announced that Belloni leaves the board of directors and the role of general manager to dedicate himself to strategic projects and the Italian branch.
These changes occurred after the assembly. When asked the reason for this decision, he explains: «I will tell you something that will make my wife Giovanna laugh. My life is in 23-year cycles: After 23 years of training, I spent another 23 years at Procter & Gamble. In 2001 I joined LVMH, where I worked for another 23 years during which we achieved extraordinary results. Leaving now is a positive decision for both me and the company, which needs new perspectives and a younger team, which can guide Mr. Arnault’s future succession. It is a transition that we have planned together for some time. But I have no intention of retiring, I will definitely continue to work.