Vietnam central bank preparing restructuring plan for troubled lender SCB

Reuters - 21/04
Vietnam's central bank is drafting a plan to restructure the troubled Saigon Joint Stock Commercial Bank, the lender at the centre of the country's biggest financial fraud on record, local media reported.
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HANOI, April 21 (Reuters) - Vietnam's central bank is drafting a plan to restructure the troubled Saigon Joint Stock Commercial Bank, the lender at the centre of the country's biggest financial fraud on record, local media reported.
The plan, which was developed by investors, is awaiting suggestions from relevant bodies before being submitted to the government and the the Communist Party's Politburo, the country's top decision making body, the finance ministry's Dau Tu newspaper reported at the weekend.

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The report gave no details on the plan or a timeframe for its submission.
The State Bank of Vietnam placed SCB under its supervision to stem a run on the ban...
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