All posts tagged "Bank of Communications"
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439ChinaChina Launches Data Platform for Wealth Management Sector
The platform is expected to help wealth management companies expand and enhance their product sales channels - especially the WMC units of smaller-scale banks.
January 27, 2022 -
486ChinaChina Anti Graft Probe Ensnares China Life Chairman
The probe is rumoured to be linked to Hu Huaibang, the former chairman of China Development Bank who was sentenced to life in prison in January 2021 on corruption charges.
January 17, 2022 -
371KoreaBOK Selects 2022 Market Makers for Won-Yuan Direct Market
Six domestic banks and five foreign banks were selected to serve as market makers of the KRW-RMB direct trading market in 2022.
January 4, 2022 -
312ChinaCBIRC Fines Eight Lenders Over Property Loan Violations
China Construction Bank received the biggest penalty of CNY 6.1 million. ICBC and Agricultural Bank of China were fined CNY 1.5 million each.
August 3, 2021 -
603FeatureHKEX Clears First SOFR-HONIA Cross Currency Swaps
OTC Clear announced last week that it was launching clearing services for cross-currency interest rates swaps and basis swaps referencing HONIA and SOFR.
May 18, 2021 -
371EnforcementSingapore Court Jails Former CFO for Loan Fraud
The former CFO of Coastal Oil Singapore conspired with three colleagues to deceive 8 banks into disbursing over $300mn in loans.
May 5, 2021 -
474ChinaICBC, Bank of China Approved to Invest in National Green Fund
The 'National Green Development Fund' was launched in July 2020 to spearhead investments in green projects and sustainable development.
May 1, 2021 -
256Korea
S. Korea Selects Market Makers for Won-Yuan Direct Market
The selected banks will play a leading role in price formation and in supplying liquidity to the KRW/RMB direct trading market.
January 3, 2021 -
1.3KChinaCBIRC Fines Two Major Banks for Data Privacy Breaches
China Merchants Bank and Bank of Communications were fined for failing to protect the personal data of credit card customers.
August 9, 2020 -
1.5KAML / KYCTwo Singaporeans Charged for Cheating Eight Banks
Two former employees of a crude oil products supplier allegedly created fictitious sales contracts and invoices to obtain $340mn in financing from eight banks.
June 16, 2020
