09/07/2016
Hong Kong regulator bans two ex-HSBC advisers for life
The District Court also found that Chau referred her customers to Chow so that he could obtain more sales commission
Legal, Regulation & Compliance
09/07/2016
Bank license in hand, CIMB makes Vietnam foray
CIMB's move into Vietnam reinforces its presence in the region.
09/07/2016
Hua Nan Bank given green light to set up branch in Manila
Hua Nan Bank has become the first Taiwan bank to set up a branch in Southeast Asia
09/07/2016
Mahindra and Barclays Wealth Sign Global Strategic Relationship
SOFGEN has market leading domain expertise in various banking systems and has been retained by Barclays Wealth for in excess of 10 years.
09/06/2016
Standard Chartered, ICBC sign MoU
The alliance through the MoU sets out a conceptual framework and guiding principles for the two banks through which ICBC would benefit from Standard Chartered’s presence and banking experience in Pakistan.
09/06/2016
Coalition says Panama Papers sparked action against more than 100 Australian taxpayers
Ministers say analysis of papers by crimes taskforce also resulted in 15 unannounced visits and three search warrants
09/06/2016
Duterte administration stops DBP-Land Bank merger
According to the GCG, “more underserved and unbanked areas will be reached by the surviving bank through rationalization of the existing branch networks of DBP and Landbank.”
09/05/2016
Malaysia PM confirmed as involved official in wealth fund scandal
Complaints recently arose accusing high level officials of conspiring to misappropriate USD $3.5 billion from 1MDB.
09/05/2016
Supreme Court Asks Sahara Group To Disclose Source Of Money Raised
It should be any of the three alternatives. Money did not fall from the heavens.
09/05/2016
Sebi seeks major changes to new KYC process
In a letter to finance ministry last week, Sebi said market intermediaries are facing trouble empanelling new clients
09/05/2016
China central bank outlines rules on investment quotas under RQFII
The rules were jointly issued with SAFE.
09/05/2016
Best and brightest revealed at sell-out event
Almost 800 people were in attendance at this year’s event, which celebrated the achievements of 32 award recipients.
09/05/2016
Why TIBOR remains positive despite negative-rate policy
The TIBOR is more likely to reflect prevailing rates as creditworthy banks can borrow money at low interest rates.
09/02/2016
Former PNG PM Somare named as recipient in Singapore money laundering case
Sam Koim, the chairman of Papua New Guinea's anti-corruption squad Taskforce Sweep, said his team had been working with Singaporean authorities on the case.
09/01/2016
CPPIB gets RBI nod for raising stake in Kotak Bank
CPPIB picked up stake in the bank from Japanese multinational Sumitomo Mitsui BankingCorp through open market operation earlier this year.
09/01/2016
China Engages in 'Backdoor QE' as Monetary Policy Shifts, Says Jefferies
Policy easing in China is bigger than you think.
09/01/2016
Mizuho Bank’s Appeal Against Mt Gox Related Lawsuit Dismissed
A US Court has dismissed the appeal filed by Mizuho Bank against Mt Gox customers' class action lawsuit.
09/01/2016
J.P. Morgan Gets Stand-Alone Asset-Management License in China
License is registered in Shanghai’s free-trade zone
08/31/2016
Australian Commonwealth Bank to shut down India operations
Commonwealth Bank was the first Australian bank to open a branch in Mumbai when it started its operations in the city in August 2010
08/31/2016
New Rule: High networth foreign nationals can settle in India
In a bid to lift the construction sector, the government also approved new norms that will help in quicker resolution of disputes to kick-start stalled projects can make access to financing easier.