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
Australia’s corporate regulator has launched a review of audit conduct complaints involving the country’s Big Four accounting firms as it continues an ongoing investigation into allegations of auditor misconduct at KPMG. The
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HSBC’s Australian unit has admitted to serious failures in protecting customers from scams and could face a proposed A$35 million ($24.59 million) penalty following an investigation by Australia’s corporate regulator. The Australian
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Iran and Russia are expected to complete the final phase of integrating their national banking payment systems within two months, a development that will allow Iranian travelers to make purchases in Russia
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The Bank of Japan (BOJ) raised interest rates to their highest level in 31 years on Tuesday, marking another major step in its effort to normalise monetary policy as inflation pressures increase
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The global market for public debt is entering a phase of strain shaped by war spending, pandemic-era stimulus, and persistent inflation, with developed economies moving toward debt levels last seen in the
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The image of bank robberies once defined public perceptions of financial crime: masked figures, armed raids, and dramatic escapes. Today, that image has been replaced by a quieter but far more pervasive
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Swiss lawmakers are debating revisions to proposed capital rules for UBS that could materially reduce the financial burden placed on Switzerland’s largest bank, following the collapse of Credit Suisse in 2023, according
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Sovereign bonds may be on the verge of regaining their traditional safe-haven status if geopolitical tensions linked to the Iran conflict escalate further, according to fund managers and analysts cited by Reuters.
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Saudi Arabia’s sovereign wealth fund, the Public Investment Fund, has initiated a significant leadership restructuring across several of its portfolio companies, replacing foreign chief executives with Saudi nationals as part of a
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Credit markets across Asia are emerging as a major magnet for global capital as they continue to outperform US bond markets, according to new analysis from JPMorgan Chase. Despite ongoing geopolitical volatility
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