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World’s biggest banks fined US$321bil since financial crisis

LONDON: Banks globally have paid US$321bil in fines since 2008 for an abundance of regulatory failings from money laundering to market manipulation and terrorist financing, according to data from Boston Consulting Group.

World's biggest banks fined US$321b since Financial Crisis

BANKS globally have paid US$321bil in fines since 2008 for an abundance of regulatory failings from money laundering to market manipulation and terrorist financing, according to data from Boston Consulting Group.

S&P warns China banks may have to raise US$1.7 trillion

KUALA LUMPUR: Standard & Poor's Global Ratings has warned that the unabated growth of China's corporate debt could cost the country's banks dearly as the expansion is not sustainable for long.

Complaints about US airline service in 2010

WASHINGTON: Complaints about airline service to the Department of Transportation rose 28 percent last year, according to an annual study of airline quality. How the 16 largest U.S. airlines stacked up, based on the number of complaints per 100,000 passengers:

M’sia tops among developing nations in connectivity scorecard

KUALA LUMPUR: Malaysia scored the highest for deployment and usage of information and communication technology (ICT) among 25 resource and efficiency-driven countries in the Nokia Siemens Network's Connectivity Scorecard 2010.

Are Malaysia's non-executive directors’ overpaid?

PETALING JAYA: KPMG's pioneer annual study this year on non-executive directors' (NEDs) profile, practice and pay revealed that they were remunerated on average RM89,000 a year and that half of the NEDs' package comprised fees with allowances, other emoluments and benefits-in-kind making up the balance.

Malaysia ranks 8th in economic performance: Survey

Malaysia moved to the 8th position this year from 16th last year in terms of domestic economic performance, said a survey.

Firms taking closer look at info security

A STUDY by PricewaterhouseCoopers and I>CIO /I>magazine reveals that best practice companies in Malaysia have started to take a more strategic look at information security.

US CEOs earn more despite lower workers’ wages in 2003

The pay packages of chief executive officers swelled across a wide array of US industries in 2003 despite shrinking salaries for many workers, a report showed this week.