04/04/2012

Manila unit of ING disputes businessman’s claims

Lou, a businessman based in Bacolod, said he lost more than $5 million of his family’s money—including his parents’ retirement funds—in the wake of the 2008 global financial crisis in investments sold to him by ING.

04/03/2012

New sheriff comes to Hong Kong

The swoop by Hong Kong’s graft-busting body on the Kwoks and a former senior government official, coming only days after a new chief executive was elected, provides ample fodder for conspiracy theorists.

04/03/2012

Japanese Bank Group Head Calls for Fiscal Reform

But the country's banks, among the biggest buyers of Japan's government bonds in recent years, aren't likely to face an immediate risk of the kind of sovereign debt crisis seen recently in Europe, said Yasuhiro Sato in a recent interview.

03/30/2012

Allen & Overy welcomes 23 to its partnership

Allen & Overy today announces 23 promotions to partner across 14 offices in 12 countries. Nearly 40% of new partners are female and, for the fifth year running, the majority (73%) are based outside London, underlining Allen & Overy's commitme

03/29/2012

Dodd-Frank Will Increase Demand for Automation in Australia

Investment managers will go to more automated processes as well in unit pricing and corporate actions as a response to reduce operational costs, because business margins are “thin” and automation is widely viewed as bringing long-term sustaina

03/28/2012

Global manhunt is on for Chinese rogue banker

The Ministry of Public Security has issued an arrest warrant for Sun Feng, the former head of the Yaosai branch of the Agricultural Bank of China in Jiangyin in East China's Jiangsu province.

03/28/2012

I-T pulls up HSBC Bank in black money cases

The Income Tax (I-T) department is said to be mulling over prosecution against the HSBC bank for allegedly being the conduit for Indians in stashing money abroad.

03/28/2012

Thai banks baulk at Basel III capital demands

"We should wait for a clear picture because recapitalisation leads to higher financial costs, and it will be the shareholders' burden. The rising expense may ultimately be passed on to consumers."

03/28/2012

ABN banker didn't mean to deceive S&P over data, court told

AN INVESTMENT banker employed by ABN Amro sent incorrect information to the credit rating agency Standard & Poor's about a structured finance product bought by councils but the Federal Court should conclude this was an innocent mistake or, at wor

03/27/2012

A&O and Allen & Gledhill call off Singapore tie-up talks

The firms announced that they are no longer in talks earlier this afternoon (26 March), with a spokesperson stating discussions had ended because they could not reach an agreement that was satisfactory to both parties.

03/23/2012

Taylor Wessing gains leading Singapore presence

Taylor Wessing and leading Singapore firm RHT Law LLP initially formed an alliance through an exclusive cooperation agreement in August 2011. RHT Law formally joined Taylor Wessing, as RHTLaw Taylor Wessing, on 16 March 2012.