12/02/2014

MAS raps HSBC for breaching Financial Advisers Act

Under the section, a principal cannot allow any individual to provide any type of financial advisory service on its behalf, unless the individual is an appointed representative or provisional representative in respect of that type of financial advisory se

12/01/2014

China launches draft rules for insurance of bank deposits

China yesterday issued draft regulations to introduce a bank deposit insurance system for the first time, the latest in a series of steps to fully liberalise interest rates and allow banks to compete on a wholly commercial basis.

11/28/2014

China deposit insurance scheme in the offing

China's deposit insurance scheme is expected to use practices commonly adopted in other nations, such as limited compensation for depositors and differential insurance premium rates for commercial banks.

11/27/2014

Was China ready to bail out AIG?

Was China’s sovereign wealth fund poised to save U.S. taxpayers from the risk they took in bailing out American International Group Inc but then-Treasury Secretary Henry Paulson rebuffed the Chinese help?

11/26/2014

Income-tax department raids Sahara offices

The Income Tax department has claimed to have seized Rs 135 crore in cash from the premises of Sahara group during its raids in Delhi and Noida in connection with alleged tax evasion charges.