02/06/2013
The discussions show heightening concerns at central banks in Indonesia and Malaysia over Singapore's market for non-deliverable currency forwards (NDFs), which they say has undermined foreign exchange controls.
02/06/2013
It has been extended from five days to 15 days from the closure of the initial subscription.
02/06/2013
A U.S. judge threw out a lawsuit from South Korea's Woori Bank accusing Bank of America Corp's Merrill Lynch unit of misleading investors about the riskiness of collateralized debt obligations, saying the suit had missed a deadline under South K
02/06/2013
The HKMA decided to accept the proposals from the HKAB and the TMA, and requested them to take forward the following enhancement measures in six months' time:
02/05/2013
Libor scandal in Europe rattles traders in Mumbai
"This issue about legacy contracts is a problem that needs to be sorted out. Else, there could be legal problems later."
02/05/2013
HK regulator bans ex-Merrill Lynch Asia employee
The District Court found that, between September 2007 and February 2008, Hsu dishonestly effected a number of unauthorized transactions, fund transfers and loan draw downs in customer accounts that she handled during her employment with Merrill Lynch.
02/05/2013
The disciplinary action follows Ho’s conviction for misappropriating around $1.3 million from three customers’ accounts by forging their signatures
02/04/2013
The lender also received a warning from the China Banking Regulatory Commission for approaching the limit on loans in relation to deposits.
02/04/2013
KPMG China predicts a budget deficit due to government spending and says a goods and services tax will help to widen the tax base
02/03/2013
A spokesperson for the India arm confirmed receipt of the notice from the tax department.
02/03/2013
Swiss tax haven is over
International tax services, apart from the American, will be able to collect data relevant from January 1, 2013.
02/03/2013
In addition to his M&A work, he also was a part of the firm’s India practice group.
01/31/2013
CBRC would remain vigilant against fund pools and other risks.
01/31/2013
Banks in Singapore are nearing the end of their investigations into whether traders conspired to manipulate exchange rates for Asian currencies, bankers here said
01/29/2013
Chalmers and an associate registered Chalmers Cameron Investments Limited (CCIL) in 2007. The company went into voluntary liquidation last May, owing investors approximately $5 million.
01/29/2013
Slaughter and May’s incumbent Hong Kong senior partner Richard Thornhill will retire
01/27/2013
The discovery widens a global lending rate scandal into new markets, as fallout from the Libor case puts banks under added scrutiny and spurs both regulators and institutions to reconsider how certain key interest and currency rates are set.
01/24/2013
Should consider the argument that the very rich should be asked to pay a little more
01/23/2013
Companies such as Google, Apple, and Microsoft have all been accused of employing such tactics
01/21/2013
The third country in the world to adopt the generic name of the Baker Tilly brand besides the UK and the United States, the firm had its merged clientele expanded to about 100 public-listed companies.