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No room for significant RMB depreciation: analystsAnalysts say that the RMB exchange rate has sufficient conditions to maintain basic stability at...
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Central bank to cut reserve requirement by 1%The Chinese central bank announced that it would reduce the reserve requirement ratio by one...
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Banks rush to lower threshold of wealth management productsBanks are moving quickly to lower the investment threshold of publicly-funded wealth management products to...
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RBI acts tough on delay in fraud reporting by banks, slaps penalty of Rs 5 crore on Karur Vyasa BankThe Reserve Bank of India (RBI) has been acting tough against banks which do not...
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Brussels calls for Danske Bank money-laundering inquiryThe European Commission has called for an EU probe into the regulatory failures that led...
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China Development Bank stakes US$50 bn on African projectsThe China Development Bank has provided more than US$50 billion in investment and financing to...
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Shanghai crackdown on illegal housing to continueThe Shanghai municipal government is cracking down on speculators in the housing market that are...
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Prices of Leased Homes Soar in SeoulThe market for homes rented on a jeonse or Korean-style deposit lease basis is also...
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Technical issues hamper London-Shanghai stock linkForeign banks and brokers have been preparing for the launch of Shanghai-London Stock Connect, but...
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BASIC Bank MD tenders resignationBASIC Bank Managing Director Muhammad Awal Khan has submitted his resignation in just 10 months...
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Bank of China to boost investment in innovation R&DThe Bank of China, one of the big four state-owned banks, announced it will greatly...
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Manafort’s associate testifies against him over tax fraudRick Gates, a longtime business associate of U.S. President Donald Trump’s former campaign chairman Paul...
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Inflation edges down in JulyInflation fell slightly to 5.51 percent in July due to a cut in non-food prices,...
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Central bank welcomes two new deputy directorsChina’s central bank will soon welcome two new deputy directors that come from two distinct...
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Leading Chinese bank issues farming loan using blockchainOne of China’s ‘big four’ banks, the Agricultural Bank of China (ABC), has used a...
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Asus ZenFone 5Z with 8GB RAM and 256GB storage goes on saleEarlier this month, Asus launched the ZenFone 5Z in India, we reviewed the handset and...
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Markets are focusing on Japan's central bank. Here's what experts predictWith inflation in Japan expected to remain muted, some experts are predicting that the Bank...
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Mercantile Bank to honour eminent personalities, bankersMercantile Bank will honour 10 eminent persons and bankers with awards to recognise their contribution...
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Ex-banking regulator jailed 16 years for corruptionYang Jiacai, the former assistant chairman of China’s top banking regulator, has been sentenced to...
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Critics pay out on some of the new Hong Kong bank notesThe Hong Kong Monetary Authority has been heavily criticized over the launch of a series...
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Britian's payments watchdog to review competition in card servicesBritain’s payments watchdog will review banks who process card transactions on behalf of merchants such...
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CFETC launches foreign currency lending businessThe China Foreign Exchange Trade Center has launched a currency lending business with bonds as...
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Farmers Bank fails to pay import bills
Farmers Bank is now under pressure to settle its overdue payments for import, with a number of foreign missions dangling...
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Private banks made to work harder for depositsDespite intense efforts to attract funds private banks are experiencing a slowdown in deposit growth...
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Legend Holdings to buy Luxembourg’s oldest bankChinese investment holding company, Legend Holdings, which owns well-known PC maker Lenovo Group, has bought...