The U.S. Treasury on Wednesday put DPRK back on a blacklist of "primary money laundering concerns," which places third-country banks at risk of sanctions if they do business with Pyongyang.
While analysts have welcomed the apparent shift in Chinese policy towards structural economic reform, it could in the short term lead to rising liquidity and credit risks that are problematic for banks.
The banking regulator began a three-month consultation into the initiative on Tuesday, designed to ensure banks are ready to face online threats
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.
Beijing will intensify its crackdown on the country’s underground banking system to stem illegal capital outflows, as part of its efforts to keep the financial sector in order.
Scanning a bank statement into a computer may not sound particularly high-tech, but it's unsettling some of Asia's private bankers.
China's cross-border yuan payment system is improving its security and messaging standards in an attempt to become a mainstream platform for clearing and settling cross-border yuan payment.
The Food and Drug Administration on Tuesday issued new guidelines for blood banks intended to help prevent the contamination of the nation’s blood supply with the Zika virus.
Australia's banks and major retailers have snubbed Apple and instead chosen Google's Android service to accept contactless payments via Visa, MasterCard and Eftpos when it rolls out in Australia in 2016, the first country outside the U.S. since its launch in May.
Thousands of employees from the island nation's baking sector held a protest in the capital on Tuesday against the government's maiden budget for 2016.
China's new measure requiring commercial banks to pay risk deposit for forward foreign exchange sales aims to raise the cost of forex speculation and avoid excessive fluctuation, the central bank said Tuesday.
U.S. Federal Reserve plans to allow big banks to use certain general obligation state and municipal bonds as liquid asset to meet a regulatory rule aimed at keeping the banks safe during a crisis.
One more Japanese bank giant, the Mizuho will open its first Myanmar branch in Yangon on August 3 and will become the third Japanese bank and the fifth out of nine international banks granted licenses to open a local banking branch in the country, official media reported Monday.
Six major banks agreed to pay a total of more than 5.8 billion U.S. dollars in penalties for their illegal and unsafe conducts in the foreign exchange (FX) markets and for manipulating the benchmark interest rate, London Interbank Offered Rate (Libor).
China's central bank on Sunday decided to lower the reserve requirement ratio (RRR), the minimum level of reserves banks must hold, by one percentage point effective from Monday.
Against the backdrop of an economic slowdown, Chinese banks face the challenge of fine-tuning their loan business to strike a balance between loan expansions and guarding against risks.
The first private bank in China's mainland opened for business in coastal Wenzhou City, east China's Zhejiang Province on Thursday.
简体中文
