The Hong Kong Monetary Authority (HKMA) has fined the local arm of Singapore ’s DBS Bank HK$10 million (approx. S$1.7 million) for repeated failures in anti-money laundering (AML) and counter-terrorist financing…
British fund manager Ashmore (ASHM.L), opens new tab reported a further $2 billion of quarterly net outflows of client cash on Friday, as investors continued to shun the emerging markets specialist firm's…
Wells Fargo's (WFC.N), opens new tab second-quarter profit declined and the lender missed analysts' estimates for interest income on higher deposit costs amid intense competition for customers' money, sending its shares down…
Ireland's central bank needs to improve the transparency and fairness of its vetting regime for key financial services industry roles, a review conducted by a former top supervisor at the…
Mr Chua pointed out that despite Singapore’s strong reputation for compliance, the risk of money laundering in its financial sector has increased, as noted in the Money Laundering National Risk Assessment…
Short positions on most Asian currencies eased, as rising expectations of at least two rate cuts by the U.S. Federal Reserve this year and an easing dollar boosted risk sentiment,…