MAS imposed penalties of S$5.2 mn on the Singapore branch of Standard Chartered Bank and S$1.2 million on Standard Chartered Trust for anti-money laundering breaches.
Hong Kong’s securities regulator has blocked UBS from sponsoring initial public offerings for 18 months, the Swiss bank said in its annual report released.
US President Trump’s proposed trade tariffs are already influencing lending decisions by Britain’s Standard Chartered and could have an impact on its profitability.
Britain's FTSE 100 index is seen opening 11 points lower at 7,241.4 on Friday, according to financial bookmakers.
Property consultant JLL India has appointed Hardeep Dayal as chief operating officer of capital market services division and Amit Gupta as head for debt markets.
India’s City Union Bank said that “cyber criminals” had hacked its systems and transferred nearly $2 million through three unauthorized remittances to lenders overseas.
TSB Bank expects to pay more in fees to Lloyds Banking Group for using its former owner banking platform, as it posted a profit fall in 2017 as a result of the payments.
China Development Bank will make available up to 10 billion yuan to Standard Chartered to fund projects in countries along China’s ‘Belt and Road’ infrastructure route.
Air India took the delivery of its latest Boeing 777-300 ER aircraft, which will be one of the two new planes to be used for VVIP purposes.
With a tech-savvy population quick to adopt latest gadgets and facing dim prospects in conventional workplace, S Korea has been a fertile ground for virtual currencies.
Acquires Cynosure Inc and Cynosure Interface Solutions for $31mn and Rs13cr respectively
To add platform capabilities in the insurance segment which contributes 15% of total business
The Acquisition is expected to close within the next 3 months
Sells Essar Steel loan to Deutsche Bank
Has sold its $385 mn Foreign currency loan extended to Essar Steel
Bank has taken a 38% haircut
Rs 1600 cr is expected earnings to the bank from the deal
Economic Times Reports
To Sell 50% stake in prime Mumbai office assets to Blackstone for $1.3bn
The co is also in discussions to sell its residential and commercial projects in Chennai
To convene shareholder’s meet on 23rd March in regard to the proposed divestment
Gets Order Worth Rs 230 Cr From NTPC
To perform the pressure part metallurgy upgradation for 3 660MW super critical steam generators
Will help NTPC commission the 3x 660MW plant started 12years
Declared L1 bidder for EPC Project in UP worth Rs 677cr from NHAI
The completion period for the project is 30 months