Westpac is to pay an AML fine of A$1.3bn ($916m), the largest ever penalty in Australian corporate history. The fine relates to Westpac breaching anti-money [...]…
Punjab and Maharashtra Co-operative Bank (PMC), a fraud-hit lender is looking for a merger opportunity after failing to recover funds from a big defaulter amid [...]…
Cambodia-based microfinance institution Hattha Kaksekar (HKL), the consolidated subsidiary of Bank of Ayudhya (Krungsri), has received commercial banking licence. Following the receipt of the licence,…
Singapore-based global fintech platform Nium has secured an Electronic Money Institution (EMI) licence from UK watchdog Financial Conduct Authority (FCA). The licence will enable Nium [...]…
Japan’s banking watchdog the Financial Services Agency (FSA) said that it expects more cross-border financial tie-ups as fintechs disrupt the country’s banking system, Reuters reported. [...]…
TD Bank, part of Canada’s TD Bank Group, has agreed to pay $122m to resolve a dispute related to its Debit Card Advance (DCA) optional [...]…
The European Central Bank (ECB) has made changes to the organisational structure of its supervisory arm for better supervision of banks in the euro area. [...]…
The Central Bank of Nigeria (CBN) has urged the Senate Committee on Banking, Insurance and other Financial Institutions to grant it exclusive rights to issue [...]…
Two lenders in eastern China have requested the People’s Bank of China (PBoC), the country’s central bank, to ease capital adequacy assessments. This move has [...]…
The Reserve Bank of India (RBI) governor Shaktikanta Das has called for setting up a ‘resolution corporation’ to deal with stressed financial firms in the [...]…
AMCO, Credito Fondiario look to buy UTP loans from Banco BPM October 1, 2020 Verdict Staff 
Spain’s Bnext taps Rapyd to foray into Latin America October 1, 2020 Verdict Staff 
Indiabulls Housing raises $85.5m by further divesting stake in OakNorth September 30, 2020 Verdict Staff 
