08/19/2015
A wholly-owned unit of Goldman Sachs Group received a banking license from The Hong Kong Monetary Authority (HKMA), the HKMA announced on Wednesday, in a step that creates a local subsidiary through which the U.S investment bank can book its trades.
08/19/2015
The fund has been dogged by controversy over its $11 billion debt and alleged financial mismanagement.
08/19/2015
Designed to boost financial inclusion, payments banks will allow transfers and take deposits up to a limit of Rs100,000 ($1,532), and are expected to reach customers predominantly via mobile phones.
08/18/2015
The rules stipulate that client funds be held at recognised banks, that traditional bank accounts be used to channel large payments, and increased the disclosure requirements for online lending or crowdfunding platforms.
08/18/2015
Some funds pay fancy salaries to their heads and other officials, resulting in erosion of capital, which ultimately affect the investor adversely.
08/18/2015
Analysts worry that a series of bailouts in recent years has encouraged irresponsible lending by fuelling the perception the government will not tolerate default.
08/17/2015
The new initiative is brought into the effect mainly to encourage Indian startups and entrepreneurs to stay in the country
08/17/2015
It said it would also comprehensively reorganise DongA for the bank's secure, healthy and sustained development.
08/17/2015
Financial services technology and software provider IRESS has signed a deal with global equities transaction broker to provide order management services for its local operations.
08/14/2015
Facts and Implications
08/13/2015
The false policies contained invented details, including imaginary conversations and false signatures, and none were either requested or approved by any existing or new Westpac customer.
08/10/2015
The inspection will focus on several aspects, including whether the online fund raisers have promoted themselves publicly
08/10/2015
In ANZ, the ACCC contended for a market for the supply of loan arrangement services
08/10/2015
The central bank of Portugal bailed out BES, splitting its assets and loans into a good and bad bank, with the bank's main shareholders forced to leave their interests in the bad bank.
08/07/2015
The firm’s Asia corporate practice comprises 30 lawyers, including eight partners.
08/06/2015
A judge’s ruling that the Cayman Islands Tax Information Authority acted unlawfully when it handed over a trove of documents on two Cayman-registered companies to Australian tax authorities has been upheld by the Court of Appeal.
08/05/2015
China’s central bank has moved to defend draft rules that would force online payment processors to channel large payments through traditional bank accounts
08/05/2015
Recent tax incentives introduced in Korea to encourage overseasinvesting funds have not been enough to please domestic managers, who are demanding greater clarity over the new rules.
08/04/2015
NAB was followed by ANZ, which recorded growth of 12% and CBA, which recorded growth just above APRA’s guidelines at 10.2%.
08/04/2015
Hong Kong securities regulator said on Monday it fined French bank BNP Paribas HK$15 million ($1.93 million) for failures related to "dark pool" trading.