03/25/2015
Singapore's central bank in touch with Malaysia on 1MDB probe
1MDB redeemed $1.1 billion from the Cayman Islands and subsequently parked it into BSI Bank Limited Singapore
Legal, Regulation & Compliance
03/25/2015
BRICS contingent reserve may become operational this year: RBI
It is expected that the inter-central bank agreement will be signed this year
03/25/2015
Trying to gain personally: Equity trader sacked for ‘leaking confidential information’
One of the share traders working for the country’s third largest asset management company has been fired for leaking confidential information to outsiders for personal gains, official sources said on Tuesday.
03/23/2015
UK court asks Pak to pay 150,000 pounds to India as legal fee
In a setback to Pakistan, a UK court has directed it to pay 150,000 pounds to India as legal fees in the 67-year-old Hyderabad Funds case involving the Nizam's money.
03/23/2015
Asian giant Noble takes legal action over allegations
Asian commodities trading giant Noble Group has said it will launch legal proceedings over allegations made against the firm.
03/23/2015
Vietnam c.bank agrees merger of two unlisted banks
The forthcoming merger will bring together MDB, a bank based in the Mekong Delta province of An Giang, and Hanoi-based Maritime Bank.
03/23/2015
Former ABN Amro executives claim $18m from RBS
Former ABN Amro Australia chief executive Angus James has won a legal case against the Royal Bank of Scotland for $2.9 million
03/21/2015
China may relax limits on individuals investing overseas
China is studying regulatory changes that would make it easier for individuals to invest overseas, central bank Deputy Governor Yi Gang said at a forum today.
03/20/2015
Sri Lanka traces stolen RM3.7b in public funds to Dubai
Former president Mahinda Rajapakse and his immediate family are accused of siphoning large sums of money
03/19/2015
Global law firm appoints first international managing partner
Since 2008-09, the firm’s revenue from international offices has grown 41%. At the same time, non-UK based partner numbers have grown by 195%.
03/19/2015
Appleby Named Finalist for Five ALB China Law Awards
The China Law Awards recognize law firms, in-house departments, banks and accountancy firms for their work on specific deals and being industry leaders.
03/19/2015
Accused in bank fraud case flee without posting bail amount
Five accused in a Rs 217-crore bank fraud case fled from a court here yesterday without depositing the bail amount
03/19/2015
Ex-Rabobank trader sued in S’pore for hiding Libor probe
Former Rabobank Groep trader Tetsuya Motomura has been sued by a Singapore hedge fund that hired him as chief investment officer, claiming he deliberately concealed that he was being probed for rigging benchmark interest rates.
03/18/2015
A former CommBank IT exec has been charged with bribery
On Wednesday officers from the Corporate Corruption Unit arrested a 61-year-old man at a unit in Surry Hills, Sydney.
03/18/2015
NAB, ABS insider traders jailed
This is the first time an ABS officer has been convicted of unauthorised disclosure of statistics.
03/18/2015
Leading offshore law firm advised ICO Group on its Hong Kong Listing
A majority of the proceeds will be used for purchasing new office space and renovating existing offices, as well as for strategic business growth through merger, acquisition or business collaboration.
03/18/2015
Appleby Wins IFLR's Private Equity Deal of the YearAward
IFLR Asia Awards Recognise Firm’s Work on US$3 Billion Take Private Deal
03/17/2015
Appleby Wins IFLR’S Private Equity Deal Of The Year Award
IFLR Asia Awards Recognise Firm’s Work on US$3 Billion Take Private Deal
03/16/2015
NAB's UK headache becomes a migraine
After a recent grilling in the Senate into misconduct in its Australian financial-planning arm, National Australia Bank is assessing the ramifications of a damning parliamentary report into alleged misconduct by its British banks.
03/15/2015
Private banking seeking reform amid growth
As of the end of September, the number of private banking accounts of banks like SPD Bank, China Minsheng Bank, Ping'an Bank, and Bank of Communication had all seen considerable growth.