China is promoting long-term, value-focused investing as it seeks to reshape its roughly US$4.5 trillion mutual fund industry and attract foreign investors, with the approach gaining renewed attention following Warren Buffett’s departure
The Central Bank bond scandal of 2015 remains Sri Lanka’s most notorious financial fraud, and its transnational ramifications continue to test the limits of international law. Despite Sri Lanka’s decade, long pursuit
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JPMorgan Chase has asked a US court to terminate its obligation to pay the legal fees of Charlie Javice and Olivier Amar, executives convicted of defrauding the bank, highlighting a lingering complication
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Twenty-four staff members from NDB Bank actively participated in a volunteer initiative at the Anawilundawa Wetland Sanctuary, a critical Ramsar site in Sri Lanka, as part of ongoing mangrove conservation efforts. The
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Banks could face a potential hit of up to $170 billion if they fail to adjust their business models in response to customers increasingly using artificial intelligence to manage their finances, a
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Danantara, Indonesia’s newly established sovereign wealth fund, is considering plans to form a national asset management company by consolidating units from some of the country’s largest state-owned banks, according to Bloomberg, citing
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Deloitte has agreed to pay $34 million to investors who blamed the auditor for losses linked to the collapse of the South Carolina utility Scana’s nuclear reactor project, marking a rare securities
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A Manhattan jury has ordered BNP Paribas to pay more than $20 million in damages to three Sudanese refugees, in a landmark case examining the bank’s role in facilitating the financial operations
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Global banks are scrambling to stake their claim in Taiwan’s rapidly expanding $8 trillion personal wealth market as the government eases regulatory restrictions to foster a domestic asset-management hub. According to Bloomberg,
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UBS Group AG is intensifying checks on the origins of client funds in its rapidly growing Asian wealth hubs, prompting some customers to provide more detailed disclosures. The move comes as the
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HSBC Holdings Plc has confirmed that it is not exposed to the fallout from the bankruptcy of First Brands Group, a scandal-hit auto-parts supplier whose collapse has left major Wall Street firms
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The Indian government has amended the Foreign Exchange Management (Borrowing and Lending) Regulations, 2018, allowing Indian banks and their overseas branches to lend in Indian Rupees to banks or individuals residing in
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JPMorgan Asset Management plans to double its Asia-Pacific assets under management to $600 billion within five years, betting on rapid growth in active exchange-traded funds and emerging investment opportunities across the region.
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JPMorgan Chase & Co. is exploring a significant risk transfer involving a $2 billion portfolio of loans used to finance private jets, according to people familiar with the matter. The potential size
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HSBC Holdings Plc plans to take its Hong Kong-based subsidiary, Hang Seng Bank Ltd., private in a deal valued at approximately $37 billion, signaling a major bet on the city’s financial recovery
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Goldman Sachs Group Inc. is pursuing a significant risk transfer tied to about $5 billion of corporate loans, according to a Bloomberg report citing people familiar with the matter. The move marks
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