According to officials, who are appointed to liquidate Stanford International Bank (SIB), it will take at least five years to locate money lost by investors in the alleged $8bn ??Ponzi? scheme run by Texan billionaire Sir Allen Stanford.
Financial assets lost $50,000bn worldwide (Headlines)
Financial assets worldwide might have lost more than $50,000bn, equivalent to a year??s global economic output, according to a report by the Asian Development Bank (ADB).
HSBC??s consumer finance division will require further capital injections for several years, the bank admitted Monday, as it revealed the business had destroyed about $10bn in shareholder value since it was bought six years ago.