Asia-Pacific banks must radically reform or else they will eventually be forced to put themselves up for sale.
Policy & Regulations
MAS is studying the potential for allowing "digital-only banks with non-bank parentage."
The move marks the latest step in Grab's big push into the financial services sector.
A bipartisan group of U.S. lawmakers have introduced a bill to force Chinese companies listed on American bourses to submit to regulatory oversight.
IPOs & Markets
The scheme was intended to begin late last year with the December listing of Huatai, backed by Alibaba Group.
Credit Suisse plans to increase its stake in its onshore China securities joint venture to 51%.
Investors were blunt about HNA's role in the company's troubles, including accusations that it was siphoning off cash, which the conglomerate denies.
Company veteran Jonathan Slone resigned in March amid differences over strategy with the broker's state-backed Chinese parent CITIC Securities (CITIC)
HK's banking regulator last month issued one of four so-called virtual banking licences to ZhongAn in what could be the biggest shake-up in years in a
The $100.2 million in fines are the toughest actions yet taken by the regulator as part of its campaign against what it sees as shoddy listing standar
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