bank to be prosecuted in relation to the financial collapse and the first bank indicted in New York since 1991. The bank’s owners, the Chinese-American Sung family, fired a loan officer - and reported the fraud to their regulators at the federal Office of Thrift Supervision.īut two-and-a-half years later, the bank was accused of mortgage fraud by the Manhattan District Attorney’s Office - making Abacus Federal Savings the only U.S. Thank you, KCL ABACUS Committee 2020 - 2021īe sure to like us on Facebook and follow us on Instagram to be the first to be informed about events!įind us on Instagram for the most updated information.It’s a little-known chapter from the worst financial crisis since the Great Depression: In 2009, shortly after the housing market crashed and the markets melted down, the owners of a small community bank in New York City’s Chinatown discovered fraud within their loan department.
Our membership entitles you to cheaper tickets to ABACUS events as well as exclusive discounts at various restaurants and shops around London! Our clubbing events are guaranteed to be some of your fondest memories at university, with our famed boat party selling out within 1 minute last year! With fun nights out with the other 7 London ABACUS universities (Imperial, LSE, UCL, Queen Mary, Goldsmiths, Brunel and SOAS), many of our members have made lifelong friends within and outside of KCL through our events, and we hope you will to!ĭon’t worry if you are not Asian or don’t speak another language: we are a society welcoming all people! Chinese New Year dinner), inter-university sports (e.g.football, dodgeball), activities (e.g. All you can eat Dim Sum, dumpling making), inter-university dinners (e.g.
Fresher’s Icebreaker), food outings and events (e.g.
Our range of events is endless, meaning there’s an event for everyone! For an insight of what’s to come, these are a few of the events to look forward to: fresher welcome events (e.g. Throughout the year we hold weekly events which include both inter-university events and inter-society events within KCL. As a society which prides itself on excellence, there is reason to why we are the largest Asian society within KCL, and we are still continuing to grow! Renown for collectively celebrating Asian cultures, ABACUS - Association of British and Chinese University Students - was founded in 2005 with the core value of uniting Asian students from all backgrounds (Chinese, Malaysian, Thai, Vietnamese, Korean, British-born Chinese, etc.). Alongside this, our Student Deals section offers exclusive discounts on entertainment, tickets, services and much more.
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