Friday, July 10, 2020

ICICI Bank must answer for CEO scandal

NEW DELHI: India’s ICICI Bank Ltd. is seeking to claw back bonuses and stock options paid to departed Chief Executive Officer Chanda Kochhar. That...

Singapore banks embark on hiring spree in fight against dirty money

SINGAPORE: Making the digital shift welcomed many opportunities for banks but have also paved way for fraud-related activities to expand their scope. Singapore banks...

Deutsche Bank under US scope over dealings with 1MDB

KUALA LUMPUR: The US Justice Department is finally investigating Deutsche Bank to see if Germany’s biggest bank violated foreign corruption or anti-money laundering laws when...

China central bank to push lenders to curb mortgages

BEIJING: The People’s Bank of China has asked commercial lenders not to lower the interest rate of home mortgages from the current level in...

UBS franchise strength drives sound 1Q18

London: UBS Group AG’s (UBS) sound 1Q18 results reflect the value of a globally diversified leading wealth manager with investment banking capabilities, says Fitch...

Is North Korea secretly continuing its nuclear programme?

Reports that North Korea is continuing its weapons programme, despite pledges to denuclearise, have cast doubt on its sincerity in peace talks. The recent reports,...

JPMorgan to pay $135m for improper handling of ADRs

Washington: JPMorgan Chase & Co will pay over $135 million to settle charges it mishandled so-called “pre-released” American Depositary Receipts (ADRS), the Securities and...

ECB prepares some sub-zero relief for wilting Europe

LONDON: Euro and bond yields wilted on Thursday as a slump in German business confidence piled the pressure on the European Central Bank to...

Deutsche Bank merger puts 10,000 Frankfurt jobs at risk

LONDON: London’s Brexit exodus was supposed to boost the number of finance jobs in Frankfurt. Now, a potential merger between Deutsche Bank AG and...

Bank of Japan gloomier on economy but maintains policy

TOKYO: The Bank of Japan issued a more downbeat assessment of the world's third biggest economy Friday, as a broader global slowdown impacts exports...

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