10/04/2019
Hong Kong protests: Rich chase golden visas as unrest simmers
They say with no resolution in sight, residents are seeking "insurance".
Legal, Regulation & Compliance
10/04/2019
About $4 billion Hong Kong deposits may have left for Singapore as protests rage - Goldman
“That said, the HK banking system still has ample liquidity in Hong Kong dollar as well as in foreign currencies,” though “this set of data is unlikely to allay investor concerns around outflows from HK,” they said.
10/04/2019
Fighting Against Bank of Japan May Not Be Crazy After All
Global forces beyond the BOJ’s control are moving bonds
10/04/2019
LINE, LVC, and Nomura Sign Final Capital Alliance Agreement to Explore Blockchain-Based Business Opportunities
The Agreement is a follow up to the memorandum of understanding as described in the press release titled "LINE, LVC
10/03/2019
Westpac, ANZ accused of shutting branches and axing jobs
“While the banks all claim they shut branches because customers are using internet banking, we know the real reason is that the branch doesn’t generate enough profits for the bank,” she said.
10/03/2019
13.5 Tons of Gold Found in Chinese Official's Home
The colossal amount of gold was found in the basement of one Chinese official who was living in Haikou City, Hainan province.
10/02/2019
Tax Office Commissioner wins access to secret tax documents
At the club, Mr Jordan gave the example of "this Hua Wang Bank case" as among those tackled by the project.
10/01/2019
ASIC casts doubt over Dollarmites
As CBA's Dollarmites is the most prolific of the programs in question, it is sure to attract some comments from concerned parents.
10/01/2019
US$1.367b lost in Jho Low-linked switcheroo: How fake company escaped 1MDB ex-CEO’s eyes
The money allegedly made its way to Datuk Seri Najib Razak eventually.
09/30/2019
IOOF expects to reappeal timber case
The scheme was to invest in timber on behalf of "covenantholders" but they eventually copped losses.
09/30/2019
Hong Kong Watchdog Proposes Custodian Supervision
Public comments can be submitted on or before December 31 this year.
09/30/2019
US 'ill-judged' to push against the tide - Fidelity's Paras Anand
This implies that there is a conflict between pursuing both financial returns and sustainability.
09/30/2019
Barclays Agrees to Pay $6.3 Million in Asian Hiring Case
Barclays violated the Foreign Corrupt Practices Act by using employment at the bank to influence deal making, and failed to maintain a system of internal controls around hiring, the SEC said.
09/29/2019
Australian Regulator Loses Lawsuit Against Wealth Manager
Court rules APRA failed to prove firm broke pension laws.
09/29/2019
HKMA Updates Rules on Sales of Banking Products
The upgrading of restricted banking licence and the granting of these banking licences take effect today (26 September 2019).
09/29/2019
RBI initiates prompt corrective action against Lakshmi Vilas Bank
The Delhi High Court on Friday agreed to hear a petition alleging Indiabulls gave loans worth crores of rupees to shell companies.
09/29/2019
New rules on wealth products likely to boost China markets
Yet policy makers have been trying put a damper on them since 2017, with the chief banking regulator stressing that high risks come with high returns.
09/27/2019
China's CICC and Tencent Holdings unit to set up fintech joint venture
The technological joint venture is expected to drive the accelerated transformation and scalable development of CICC’s wealth management business with digital and fintech capabilities," the bank says in a statement on September 24.
09/27/2019
Qatar National Bank gets approval for first Hong Kong branch
QNB, which received approval for the branch from the Hong Kong Monetary Authority, said it would provide a full range of banking products and services and that the launch was part of an international expansion plan to establish a foothold in key markets
09/27/2019
Former IOOF company loses court battle in timber scheme
IOOF sold its AET corporate trust business for $51.6 million to Sargon last year.