Deloitte’s China arm was fined a record CNY 212 million for "serious" deficiencies in its audit work for China Huarong Asset Management between 2014 and 2019.
March 20, 2023SDNY prosecutors are said to be looking into Telegram chats among employees at Jump Trading and Jane Street from last May.
March 15, 2023US regulators are offering emergency funding to prevent a wider crisis after Silicon Valley Bank and Signature Bank were closed.
March 13, 2023The rules adjust how contributions to the fund are calculated, so that they reflect each insurance company's risk level.
November 14, 2022No further action will be taken against former senior managers of HBOS, which collapsed in 2008 during the height of the 2008 global financial crisis.
August 31, 2022The government pledged to support Kiwibank, New Zealand's fifth-largest retail bank, to become a "genuine competitor in the banking industry".
August 29, 2022A property developer bailout fund is being set up. Banks are told to raise capital and help finance the completion of property projects.
July 25, 2022State-operated KDIC will no longer be the largest shareholder of Woori Financial Group, 23 years after the group was created in a government bailout.
November 24, 2021The Shenzhen Financial Regulatory Bureau said a "thorough investigation" into Evergrande Wealth has been launched following investor demands for an inquiry.
September 29, 2021Huarong will issue new shares to Citic Group, China Insurance Investment, China Life Asset Management, China Cinda Asset Management and Sino-Ocean Capital Holding.
August 19, 2021