ABN to expand China consumer bank business
SHANGHAI – ABN AMRO NV said on Monday it has been approved by Chinese authorities to accept foreign currency deposits from Chinese nationals and will expand its consumer […]
SHANGHAI – ABN AMRO NV said on Monday it has been approved by Chinese authorities to accept foreign currency deposits from Chinese nationals and will expand its consumer […]
(Philippines) – The Philippines Central Bank (BSP) has approved banks being able to use a portion of their dollar deposits to finance letters of credit, import bills and […]
(China) – US Citibank has started offering foreign currency products to Chinese customers in a first step in attacking the huge local currency business.Citibank won the race amongst […]
(China) – China’s foreign exchange market will start trading the euro against the domestic yuan on April 1, according to reports from the market’s Regulator.Designed to cope with […]
(Taiwan) – The Taiwan Government has relaxed regulations on direct commercial contacts with China, making it simpler for Taiwan banks to remit money to and from China.Taiwan banks […]
(China) – One of China’s largest commercial banks, Everbright Bank (EBC) has seen its international settlement business volume explode by 93.3 percent in the last year.Its international settlements […]
(Asia) – Notwithstanding a slow economy and restructuring of Japan’s banking sector impacting FX volumes hubbed out of Tokyo, it still likely leads volume in the region.Much comment […]
(China) – Numbers released from the People’s Bank of China (PBOC) suggest the country’s financial industry is in healthy state.According to the Bank, at the end of 2001 […]