Foreign news (372 items)

Foreign news: Five banks in US$110m FX rigging settlement, BNP standardises payments protocol, EC mulls bank capital rule changes

New York federal Judge Lorna Schofield has given preliminary approval to proposed settlements totalling US$111.2 million between five more banks and investors in a wide-ranging suit accusing 16 of the world's largest banks of rigging foreign exchange rates, in violation of US antitrust law. read more

Hong Kong probe into CBA an HSBC headache

The money laundering compliance saga at Commonwealth Bank of Australia is poised to induce an unwanted headache for one of the world's largest financial institutions.HSBC, a pillar of Hong Kong's vigorous banking sector for more than 150 years, could be dragged into investigations into how crime syndicates operating in Australia were able to move dirty cash valued in the hundreds of millions through CBA's local and international network. read more

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