Buda-Cash management may have reported misconduct to financial services watchdog
Hungarian boutique brokerage firm Buda-Cash’s management allegedly reported misconduct to the Hungarian National Bank (MNB) when the central bank’s investigation of the company was already underway, online business news site napi.hu reported yesterday.
According to the news portal, of the HUF 100 bln that reportedly went missing, HUF 70 bln may belong to bank accounts of the four regional banks BRB Buda Regionális Bank, DRB Dél-Dunántúli Regionális Bank, DDB Dél-Dunántúli Takarék Bank and ÉRB Észak-magyarországi Regionális Bank and HUF 30 bln allegedly disappeared from Buda-Cash’s brokerage accounts.
Lender Liquidity Increases Further
Hungary Condemns Iranian Attack on Israel
Home Rental Rates in Hungary Rise 11.7% in March
Tribe Hotel Budapest Stadium Recognized at LIV Hospitality D...
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
