Details that have emerged of the operation and philosophy of the Asian Infrastructure Investment Bank (AIIB) show that it is meeting expectations to lead development cooperation as a new type of multilateral financial institution.
US regulators on Tuesday told banks to review the cyber security they have in place to protect against fraudulent money transfers and other threats to a global payments network, months after hackers stole US$81 million from the Bangladesh central bank’s account at the Federal Reserve Bank of New York and moved the money to a bank in the Philippines.
China on Tuesday officially ended the longstanding monopoly held by its home-bred champion UnionPay over the Chinese bank card market and announced that its enormous credit card clearing market is open for competition to domestic and foreign players.
China's central bank on Monday lowered the minimum amount of certificates of deposit (CDs) by individual investors from 300,000 (45,800 U.S. dollars) to 200,000 to give more people access to this investment channel.
The Romanian government on Thursday approved the start of talks regarding the country's membership to the China-proposed Asian Infrastructure Investment Bank (AIIB).
The Asian Infrastructure Investment Bank (AIIB) will grow its membership to nearly 100 countries and regions by the end of the year, making it a truly international financial institution with the mission of promoting multilateral benefits for all members, AIIB President Jin Liqun said on Tuesday.
The People’s Bank of China (PBOC), or the central bank, conducted more than 100 billion yuan of reverse repurchase agreements (repo) at the open market yesterday, a process in which the central bank purchases securities from banks with an agreement to resell them in the future, so as to deal with the short-term fluctuation in capital supply at the end of the month.
The Asian Infrastructure Investment Bank (AIIB) will expand its membership from 57 to nearly 100 countries and regions this year, AIIB president Jin Liqun said. Some 30 countries are waiting to join the AIIB, 20 have expressed "firm commitment," Wednesday's China Daily cited Jin as saying.
Hackers who stole $81 million from Bangladesh's central bank have been linked to an attack on a bank in the Philippines, in addition to the 2014 hack on Sony Pictures, cybersecurity company Symantec Corp (SYMC.O) said in a blog post.
Banks operating in Indonesia have showed poor financial soundness in the first quarter this year with negative profit growth, insignificant loan growth and increasing non-performed loan (NPL) ratio recorded in the period.
The new chairman-designate at Industrial & Commercial Bank of China, Yi Huiman, looks set to deepen ICBC's push into digital banking as well as strengthen its “for-profit” focus, in a clear distinction from the “national duty” expected of state-owned banks, say analysts who have followed Yi's career and leadership changes at the world’s largest bank.
Bangladesh's central bank became more vulnerable to hackers when technicians from SWIFT, the global financial network, connected a new bank transaction system to SWIFT messaging three months before a $81 million cyber heist, Bangladeshi police and a bank official alleged.
Malaysia's central bank said on Thursday that it had issued a letter of administrative compound to 1MDB, a Malaysian state investment fund, for failing to fully comply with financial directions.
Malaysian government on Wednesday announced the replacement of its long-time central bank governor Zeti Akhtar Aziz.
A total of 368 households with 1, 776 people from a village in Myanmar's central Bago region have been evacuated recently as Sittaung River bank collapsed, local sources said Thursday.
The Bank of Japan’s policy board is set to discuss this week whether to exempt $90 billion in short-term funds from its newly imposed negative interest rate, people familiar with the matter said, after the securities industry warned that investment money would be driven into bank deposits.
The Agricultural Development Bank of China, a major policy bank, provided more financial supports to China's agriculture in 2015.
简体中文
