Tag: finance

New Delhi: Just months before the Nirav Modi scam tumbled out, Punjab National Bank (PNB) quietly recalled two employees, both internal auditors posted at the lender's Hong Kong and Dubai branches after they exposed a deep rot within its banking system. ( read original story ...)

Hong Kong stocks continued where they left off last week, extending gains on Monday, propelled by Chinese lenders, after the Chinese central bank released stronger-than-expected figures on new yuan loans and total fundraising for April, indicating credit ... ( read original story ...)

Those looking for the crypto sector’s equivalent of Goldman Sachs and Morgan Stanley might soon find it in the newly-launched Clipper Coin Capital. Crypto investment bank and asset management firm, Clipper Coin Capital, is expected to debut on May 14 ... ( read original story ...)

Amy Chang, a Hong Kong-based spokeswoman for Deutsche Bank, confirmed the contents of the speech. Still, the CEO’s remarks may do little to assuage employees in Asia who are concerned about the impact of the global overhaul on their careers. Anxiety is ... ( read original story ...)

HONG KONG/BEIJING (Reuters) - China’s central bank will maintain its neutral monetary policy and keep liquidity and credit growth largely steady while keeping the yuan currency basically stable, it said on Friday. The central bank’s surprising cut in ... ( read original story ...)

The following is issued on behalf of the Hong Kong Monetary Authority: The Hong Kong Monetary Authority (HKMA) wishes to alert members of the public to a press release issued by DBS Bank (Hong Kong) Limited on fraudulent website and phishing e-mail, which ... ( read original story ...)

HONG KONG (Reuters) - HSBC Holdings Plc (HSBA.L) said on Monday it had performed the world’s first trade finance transaction using blockchain technology, a major step in boosting efficiency and reducing errors in the multi-trillion-dollar funding of ... ( read original story ...)

Hong Kong-based billionaire Robert Kuok is to sit on a special ... of elders” – are the country’s former central bank governor Zeti Akhtar Aziz, former finance minister Daim Zainuddin, former head of the state oil firm Petronas, Hassan Marican ... ( read original story ...)

The data trove was revealed on Wednesday in a speech delivered on behalf of Guo Shuqing, chairman of the country’s powerful new China Banking and Insurance Regulatory Commission (CBIRC), at a forum on financial stability in Hong Kong. Veteran technocrat ... ( read original story ...)

Internships are often a key part of any MBA student’s career journey—a chance to try out new industries, build new business networks, and land new jobs. Pranavi Kapur knows that better than most. A current MBA student at the University of Hong Kong ... ( read original story ...)

A fund that makes money when Hong Kong stocks tumble has suddenly garnered a whole lot of interest. The CSOP Hang Seng Index Daily Inverse Product has attracted some $136 million worth of cash in 2018, the biggest inflows for any fund trading on the city ... ( read original story ...)

Hong Kong GDP grew 4.7% year-on-year in 1Q18 ... The producing legal entity ING Bank N.V. is authorised by the Dutch Central Bank and supervised by the European Central Bank (ECB), the Dutch Central Bank (DNB) and the Dutch Authority for the Financial ... ( read original story ...)

as it continues its efforts to bolster its private bank. Last month, Claudia Loh joined as an executive director in Singapore and Samuel Chang came on board as a director in Hong Kong. Both now work in work in wealth transformation, according to their ... ( read original story ...)

State-owned Bank of India on Monday filed a lawsuit against fugitive fraudster Nirav Modi in a Hong Kong court for the recovery of the money he had drawn from the bank on the basis of illegally secured Letters of Undertaking. The public sector bank moved a ... ( read original story ...)