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Banking 02 Mar 2019 | 12:00 AM

New beginning for Yes Bank

AS Deutsche Bank AG veteran Ravneet Gill moves into the 27th floor of Yes Bank Ltd’s headquarters in downtown Mumbai, he brings the curtain down on one of the more colorful chapters in Indian finance.

Analyst Reports 19 Dec 2018 | 2:55 AM

AmInvest Research retains neutral on telcos, keeps buy on Axiata

KUALA LUMPUR: AmInvestment Bank Research is retaining its neutral call for the Malaysian telcos due to the continued intense competition in both the mobile and fixed broadband market.

Corporate News 25 Aug 2018 | 11:24 AM

Australia inquiry finds pension funds broke rules

SYDNEY: Initial findings from a powerful inquiry into Australia's financial sector strongly criticised pension funds run by National Australia Bank and Commonwealth Bank for regulatory breaches including overcharging customers and failing to act in their best interest.

Nation 10 Jul 2018 | 12:00 AM

‘Recover 1MDB assets through S’pore’

KUALA LUMPUR: Malaysia can go through the courts in Singapore to establish ownership of any seized assets linked to the 1Malaysia Development Bhd (1MDB) and take steps to recover them, said its Foreign Minister Dr Vivian Balakrishnan.

AseanPlus News 09 Jul 2018 | 9:38 AM

Singapore has been investigating 1MDB since 2015

SINGAPORE (The Straits Times/Asia News Network): Singapore has been thoroughly investigating 1MDB-related offences committed here since 2015, said its foreign minister Dr Vivian Balakrishnan on Monday (July 9).

World 05 May 2017 | 1:27 PM

China tightens rules on private think tanks

BEIJING (Reuters) - China has ordered private think tanks to register with the authorities, who will also keep tabs on research activity, under new rules published by state media, the ruling Communist Party's latest move to stamp its authority on intellectual bodies.

Banking 28 Oct 2016 | 9:28 AM

Costs of misdeeds and revamp take toll on RBS

LONDON: Higher misconduct costs and restructuring charges led to a third quarter loss at Royal Bank of Scotland (RBS), casting fresh doubts on when the government will recoup its 2008 bailout cash.

Singapore 11 Oct 2016 | 1:04 AM

Singapore shuts down Falcon Private Bank, slaps penalties on DBS and UBS after 1MDB probe

SINGAPORE: The Monetary Authority of Singapore (MAS) announced on Tuesday that it is withdrawing the merchant bank status of Falcon Private Bank Ltd, Singapore branch (Falcon Bank) for serious failures in anti-money laundering (AML) controls and improper conduct by senior management at the Head Office in Switzerland as well as the Singapore branch.

Business 22 Jul 2016 | 12:00 AM

Singapore finds lapses in anti-money laundering controls

SINGAPORE: Responding to US action overnight in its probe into 1Malaysia Development Bhd (1MDB), Singapore authorities said they had found lapses in anti-money laundering (AML) controls in several financial institutions here, including DBS and the Singapore branches of Standard Chartered Bank (SCB) and UBS, and would be taking action against them.

Nation 21 Jul 2016 | 4:26 AM

Singapore authorities to take action against DBS, StanChart and UBS branches among others in 1MDB probe

SINGAPORE: Responding to US action overnight in its probe into 1Malaysia Development Bhd (1MDB), Singapore authorities said they have found lapses in anti-money laundering (AML) controls in several financial institutions (FIs) here including DBS and the Singapore branches of Standard Chartered Bank and UBS and will be taking action against them.