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CHINA BANKING SCANDAL
PwC exits more than a dozen countries to avoid scandalsPwC is scaling back its global operations, shutting down businesses in several smaller and riskier countries following scandals and disagre...- Shocking! Ageing banker weds son's ex-girlfriend after convincing him to dump herLiu Lianghe, ex-chairman of the Bank of China, faces a death sentence (suspended for two years) for misusing power, taking 141 crore in bri...
- Japan's ruling coalition set to lose parliamentary majority, exit polls showExit polls indicate Japan's ruling coalition might not secure a parliamentary majority, heightening uncertainty in the government. The Libe...
- Shigeru Ishiba, Sanae Takaichi face off in Japan ruling party vote for next PMJapan's ruling Liberal Democratic Party is set to choose between former defence minister Shigeru Ishiba and hawkish Sanae Takaichi as the n...
- UBS cuts nearly 70% Credit Suisse researchers in Hong Kong-sourcesUBS' takeover of Credit Suisse marks the first-ever merger of two global systematically important banks after the latter suffered years of ...
- Singapore money laundering case embroils its banking giantsThe wide roster of banks join property agents, precious metals dealers and golf clubs in the city that have been drawn into this scandal. T...
- China arrests hundreds over banking scandal that sparked rare protestsFour banks in China's central Henan province suspended cash withdrawals in April as regulators cracked down on mismanagement, freezing the ...
- China banks vow to repay more customers after protestsFour banks in Henan province froze cash withdrawals in mid-April as regulators scrutinised alleged mismanagement, leaving billions of yuan ...
- Georgieva's future at helm of IMF still unclear after marathon board meetingThe IMF said the board had made "significant progress" in its review of the World Bank data-rigging scandal, but agreed to request "more cl...
- 5 world market themes for the week aheadInflation angst and soaring energy prices form the backdrop to the start of third-quarter U.S. earnings season in the coming week.Annual me...
- China stocks rise as investors bet on easing hopesThe Shanghai Composite Index logged a weekly gain of 2.8%, the biggest in three months, while the CSI300 index finished up 1.2% for the wee...
- Inside the race to avert disaster at China’s biggest ‘bad bank’, the Huarong Asset Management CoHuarong Asset Management Co has been in full crisis mode ever since it delayed its 2020 earnings results, eroding investor confidence. Exec...
- China's biggest gold fraud, 4% of its reserves may be fake: ReportAt the centre of the fraud is Wuhan Kingold Jewelry Inc, a company founded and operated out of Wuhan.
- EU investigating German watchdog over Wirecard collapseWirecard's implosion on Thursday, owing creditors almost $4 billion, is shaping up to be one of Germany's biggest corporate scandals, and r...
- European shares fall as growth worries linger; AMS risesNordea Bank and BBVA also reported lower profits and fell more than 2 percent each.
- China's currency move will hurt one country more than any otherThe ruling party of President Dilma Rousseff was alleged to have been using Petrobras and its cash as a personal piggy bank to pay kickback...
- India's growth rate set to surpass China this year: World BankIndia with an expected growth rate of 7.5% is set to surpass China and for the first time is leading the World Bank's growth chart of major...
- Wider trading band pulls down yuanYuan fell by the most in a week against dollar as China's central bank doubled the daily trading band, reflecting declines in emerging-mark...
- India continues to be the most expensive Asian market: BNP Paribas Wealth ManagementAndrew Freris, Investment Strategist, BNP Paribas Wealth Management, gives his views on the current markets environment and inflation.
- Investors won't stop coming to India because of scams: Jim WalkerJim Walker, managing director, Asianomics in an interview to ET said funds will flow into gold and bonds from equities in 2011.
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