Agricultural Bank of China and Bank of China plans to raise up to US$29 billion by issuing preferred stocks in a sector-wide push to meet international capital-adequacy requirements.
Australian banks are facing open class actions filed by legal firm Maurice Blackburn over late credit card fees worth hundreds of millions of dollars, in what could be one of the country’s biggest class suits ever.
The Australian Securities and Investments Commission has ordered Macquarie Group to contact 160,000 clients who may have lost money due to flawed financial advice.
Parliament has cleared a key bill to allow the Securities and Exchange Board of India to act against ponzi schemes and market manipulators more effectively with powers for search and seizure, attachment of assets, arrest of defaulters and access to...
South Korea is planning to participate in a multilateral consultation with China to discuss conditions for Beijing's push to set up a new regional bank to fund infrastructure projects in Asia, a diplomatic source with knowledge of the matter said.
The Monetary Authority of Singapore is seeking industry views on a proposal to tighten oversight of credit bureaus.
The Hong Kong Monetary Authority’s top executive said the city aims to boost its fund and wealth management industry over a five-year period.
State-owned Land Bank of Taiwan aims to raise new funds through an initial public offering (IPO) in three years to strengthen its capital adequacy ratio, which lags behind peers, newly sworn-in chairman Shiu Kuang-si said.
The buffer capital of Philippine banks remain well above the benchmark set by the Bangko Sentral ng Pilipinas as of end-March, after the new Basel III standards were implemented for the first time at the start of the year, the...
Commerce Minister Craig Foss announced further steps to simplify and encourage participation in New Zealand’s capital markets, including easing compliance rules for debt issuers.