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Bank of East Asia facing questions over its anti-money laundering controls after 70 million yuan in transfers

The Bank of East Asia is facing questions over the robustness of its anti-money laundering procedures in mainland China following bank transactions leaked by the media on the weekend that purport to show the Hong Kong-based lender may have been used as a conduit to disburse large sums of money to senior executives at Shandong-based Evergrowing Bank.

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Black boxes of crashed Egyptair flight arrive in France for repair

​The two black boxes of the crashed EgyptAir flight arrived Monday in the laboratory of the Bureau of Enquiry and Analysis for civil aviation safety of France (BEA) to be repaired, French daily Le Figaro reported Monday.

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Bank of East Asia trims 180 staff from Hong Kong operations

The Bank of East Asia has revealed plans to lay off 180 Hong Kong staff following “a thorough review of its businesses and operations”.