Banking
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Swiss Regulator Fines Ex-Credit Suisse Risk Chief over Tuna Bond Scandal
Regulators in the United States and the United Kingdom imposed a combined fine of $475 million on Credit…
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SEA Ltd and Petronas Among Firms Seeking Malaysia Digital Bank License
As Malaysia prepared to modernize its financial sector, a wave of corporate interest emerged in the country’s digital…
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HSBC Documents Fueled the Meng Wanzhou Extradition Fight
Half a decade has passed since a decision by a major international bank to provide internal documents to…
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Bank Negara Malaysia Weighs 29 Applicants for Up to Five Digital Banking Licenses
Malaysia’s banking sector is bracing for a shake-up. By the end of June 2021, a flood of applications…
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Bank Negara, Bank of Thailand Launch Cross-Border QR Payments
A New Chapter for Cross-Border Trade Between Malaysia and Thailand Kuala Lumpur: Bank Negara Malaysia and The Bank…
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ABN Amro Pays 480 Million Euros to Settle Dutch Money Laundering Case
ABN AMRO, the third-largest bank in the Netherlands, is under heightened scrutiny following a €480 million settlement related…
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Goldman Sachs Pays $2.9B in 1MDB Deferred Prosecution
On October 22, 2020, it was reported that Goldman Sachs had agreed to a $2.9 billion U.S. deferred…
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RAM Ponzi Victims Take ANZ Bank to Court Over Lost Millions
Wellington, August 26, 2019 — infopulsetoday.com — The High Court in Wellington has granted 426 investors in the…
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European banks allow delays in mortgage payments to soften coronavirus impact
On March 12, 2020, European banks, particularly those in Italy and the United Kingdom, announced measures to ease…
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Wells Fargo Pays $3 Billion Over Fake Account Scandal Settlement
A settlement announced February 21, 2020, requires Wells Fargo to pay $3 billion to resolve criminal and civil…
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Yorkshire and Clydesdale Banks Hit by IT Failure, Wages Delayed
By mid-morning on 6 January, the social media feeds of thousands of Clydesdale and Yorkshire Bank customers were…
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Ant Financial Seeks Digital Banking License in Singapore Market
Ant Financial, the Chinese payments company recognized as the world’s most valuable financial technology firm, has submitted an…
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Deutsche Bank to Cut 18,000 Jobs and Exit Equities Trading
On August 22, 2019, Deutsche Bank CEO Christian Sewing announced a strategic shift away from investment banking toward…
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Chinese state-backed site accuses HSBC of “handing the knife” in Huawei CFO case
HSBC, a British banking giant with deep ties to global finance, is facing significant challenges to its expansion…
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Wells Fargo Loses $24 Billion Amid Protracted CEO Search Vacuum
Since Tim Sloan’s departure in March 2019, Wells Fargo & Co. has seen its market value decline by…
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Ex-Indian President Alarmed by Bank Scandal Surge
India’s former President Pranab Mukherjee expressed alarm on August 26, 2019, over the rise of bank scandals in…
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Chinese state media attack HSBC over its alleged role in Huawei CFO’s arrest
In late August 2019, news emerged that HSBC had supplied documents to United States authorities involved in the…
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Hong Kong Banks Buy Full Page Ads Calling for Order in 2019
Hongkong, August 22, 2019 — cybernewschronicle.com — The protests in Hongkong are having a negative effect on the…
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Standard Chartered Fined $1.1 Billion for Iran Sanctions Violations
On April 15, 2019, the British multinational bank Standard Chartered was hit with a combined fine of $1.1…
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Still no boss for Wells Fargo Bank
Wells Fargo & Co. Bank is in a quagmire as to who will they chose the new CEO…
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Danske Bank’s €200 billion Estonia scandal: CEO quit, probes reopened, guilty plea in 2022
More than eight years after the initial questionable transactions were detected at a modest Baltic outpost, the global…
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ING Group pays €775 million in anti-money-laundering settlement fine
Last week ING Group, a bank under the direct supervision of the European Central Bank, agreed to pay…
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Dutch Banking Giant ING Agrees to €775 Million Settlement
In a significant move on September 11, 2018, it was disclosed that ING Groep NV, a renowned Dutch…
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NAB Slammed for Charging Fees to Deceased Customers and Others
On February 4, 2019, a Royal Commission report revealed that the National Australia Bank (NAB) had been charging…
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Nvidia shares fall 3% as traders open $9.1M short on Huang spy scandal
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Japan Tobacco’s 272-yen dividend at risk as Putin seizes Russian assets, stock crashes 19%
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How European Airlines Use Financial Hedging to Weather Surging Fuel Costs
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How the Century-Old Jones Act Shapes Fuel Costs and Regional Shipping in Hawaii
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How Router Failures and Outdated Tech Triggered the Nationwide FAA Ground Stop
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Why Soaring Jet Fuel Costs and Surging Demand Mean High Airfares Are Here to Stay
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Private Equity Takeover of easyJet Risks Higher Fares and Service Cuts
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Copper Faces Tug-of-War Between Macroeconomic Headwinds and Structural Shortages
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Inside Archer-Daniels-Midland’s Strategy for Scaling Global Agribusiness
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How Shifting Macroeconomic Conditions Are Reshaping Global Commodity Market Allocations
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China’s New Trade Corridors: How State-Backed Buying Bypasses U.S. Commodity Suppliers
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How Nigeria’s Lithium Factories Could Reshape Africa’s EV Battery Costs and Energy Security