Six banks will be providing a US$6.5bn financing backing chipmaker Broadcom's acquisition of Brocade, a maker of networking switches, software and storage products, two sources familiar with the financing said.
Leading German firms have rushed to defend Deutsche Bank amid concerns over the troubled lender's financial health.
The turmoil swirling around Deutsche Bank has brought simmering concerns about the health of Europe's banks back to a boil.
Gu Shu, former vice president of Industrial and Commercial Bank of China (ICBC), was appointed president of the biggest bank in China on Sept. 12, insiders told The Beijing News. However, the formal appointment process remains to be completed.
Canada will apply to join the China-backed Asian Infrastructure Investment Bank (AIIB), Ottawa's finance department said on Wednesday, in a coup for Beijing after Washington had tried to dissuade US allies from signing up.
For generations, artisans and merchants in Japan's ancient capital of Kyoto lived in thousands of traditional "machiya" townhouses that are steadily disappearing or falling into disrepair.
Zhang Tao, deputy governor of China's central bank, formally assumed his duties as deputy managing director of the International Monetary Fund on Monday, an appointment that analysts said showcases China's rising influence in the field of global financial governance.
The Philippine central bank said on Friday (Aug 5) it will fine Rizal Commercial Banking Corp (RCBC) 1 billion pesos (S$28.6 million) in relation to the Bangladesh Bank cyber heist, one of the largest digital bank thefts in history.
The BRICS-backed New Development Bank has is gearing up for its first capital raising in Shanghai, aiming to net 3 billion yuan (HK$3.5 billion) of proceeds from a green bond issuance to replenish its coffers.
Vice Premier Zhang Gaoli on Saturday stressed conducting extensive cooperation surrounding the Asian Infrastructure Investment Bank (AIIB) and forging a new type of partnership that are "comprehensive and strong."
The first batch of investments by the Asian Infrastructure Investment Bank will be announced on June 24 during its third board meeting, said the bank's President Jin Liqun on Tuesday.
Officials of Bangladesh Bank may have been involved in a brazen theft of $81 million from its account with the New York Federal Reserve Bank in February, the head of a government-appointed panel investigating the cyber heist told reporters on Monday.
Bangladesh is now all set to become a founding member of the China initiated Asian Infrastructure Investment Bank (AIIB) as the country's parliament has passed a bill in this connection.
Chinese Premier Li Keqiang said Wednesday the government is experienced in dealing with various risks and has sufficient policies and tools.
The opening ceremony of the Asian Infrastructure Investment Bank (AIIB) launched here Saturday morning with Chinese President Xi Jinping's attendance.
Australian house price growth is set to come off the boil in 2016 due to low affordability and prudential regulations.
State-owned National Bank of Kenya (NBK) said its Chinese yuan clearing house which was launched in Nairobi last year will help to boost Sino-Kenya trade.
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