JPMorgan won approval to take full ownership of its fund management venture. StanChart won approval to set up a new securities brokerage.
January 20, 2023The fund managers structured investments in a way that generated finder fees that they funnelled through offshore shell companies, causing around $46mn to Libya.
December 14, 2022DBS said it is the first Asian bank to complete an intraday repo transaction using the Onyx network, created by JP Morgan in 2020.
November 25, 2022Manulife is the first foreign firm to receive approval to convert an existing joint venture into a wholly-owned fund management company.
November 22, 2022Bank of America will have to meet a higher capital buffer requirement, while China Construction Bank and BNP Paribas will have to meet a lower buffer requirement.
November 22, 2022NAB is the only Australian big four bank still providing custody services in Australia. Its asset servicing business is now set to be closed in 2025.
November 20, 2022The effort is said to be aimed at reducing the negative effects of Russia-targeting sanctions on the global economy.
November 12, 2022The machine learning tool can extract the legal form from unstructured text and automate the assignment of entity legal form codes.
November 9, 2022The investment will strengthen Partior's international reach and capabilities, while also helping StanChart accelerate the deployment of blockchain tech across its own network.
November 7, 2022Under the ‘Ubin+’ initiative, MAS will develop technical standards, infrastructure, and policy guidelines to support atomic settlement of FX transactions using CBDCs.
November 4, 2022