CBA heads to court over money laundering allegations

AUSTRAC alleges in this case that by April 2015 the bank had identified "repeated, suspicious and connected" patterns of deposits but still permitted the transfer of money to accounts in Hong Kong. Anti-money laundering laws in Australia require the ... ( read original story ...)

What every Canadian investor needs to know today

Royal Bank of Scotland shares were about 2 per cent higher on after ... The Shanghai composite index was down 0.35 per cent and Hong Kong's Hang Seng edged up 0.12 per cent. Oil prices were lower early Friday as concerns about rising output continued ... ( read original story ...)

China blacklists nine HSBC mutual funds for IPO violations

“Even though IPO returns are decreasing this year, the CSRC wants to punish some funds that have misbehaved in the past,” said Hao Hong, head of research for Bocom International in Hong Kong. HSBC Jintrust, a joint venture between HSBC Global Asset ... ( read original story ...)

World shares mostly higher as markets await Fed’s decision

HONG KONG — World stock markets were mostly higher Wednesday, lifted by another record day on Wall Street and buoyant oil prices. Investors were keeping a cautious eye on the Fed’s upcoming interest rate decision. KEEPING SCORE: European shares rose in ... ( read original story ...)

Hong Kong stocks retreat from two-year high as StanChart slides

Hong Kong stocks closed lower on Thursday ... lower because they are still waiting for opportunities to buy,” said Alex Wong, a director at Ample Finance Group. Financials were mixed on Thursday, with Standard Chartered Bank losing 8.1 per cent to ... ( read original story ...)

Six Asian banking jobs that recruiters are struggling to fill

Here’s a selection. http://news.efinancialcareers.com/sg-en/291758/job-seeker-slump-singapore/ If you’re applying for a banking job in Asia via a recruiter, spare a thought for their travails. Banks in Singapore and Hong Kong are increasingly giving ... ( read original story ...)

Why Standard Chartered Shares Tanked Today

Standard Chartered (2888.HK) shares plummeted as much as 7% in Hong Kong trading on Thursday after the banking giant delivered a not-so-impressive set of interim results results. While StanChart’s earnings were a respectable 6% higher than analyst ... ( read original story ...)