(Australia) – Payments group MasterCard International has joined rival Visa in a legal challenge to new credit card regulations proposed by the Reserve Bank of Australia (RBA).Both MasterCard […]
(Hong Kong) – Eight people, including a former senior manager of a Chinese bank, have appeared in court in Hong Kong on money laundering charges involving US$6.4 billion.Six […]
Plenty of scoffing has been heard about China’s unwillingness or inability to live up to its World Trade Organisation agreements ever since it entered the global trade body […]
As many as nine state funded financial institutions were subjected to disciplinary action by the Korea Deposit Insurance Corp (KDIC) in the first quarter for failing to fulfil […]
(China) – China has wound up a major trust firm as part of Beijing’s efforts to clean up the troubled sector.China’s Central Bank has ordered the China Trust […]
(South Korea) – South Korea’s financial regulator has ordered brokerage firms’ branches to shut down operations following discovery of some involvement in stock price rigging.The three branches belong […]
(China) – The biggest foreign exchange player in China’s banking industry, Bank of China, has confirmed close to half a billion dollars has disappeared from a southern branch […]
(Indonesia) – An Indonesian court has sentenced the country’s Central Bank governor to 3 years in jail for graft over a banking scandal.Sjahril Sabirin, who was not taken […]
