by Our Correspondent in Colombo Serious allegations have emerged in Sri Lanka against Hatton National Bank (HNB), a prominent private sector bank, with multiple customers claiming that the institution has been quietly
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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