Sep 26, 2016

China probes North Korea bank suspected of nuclear link: report

China is investigating executives of a North Korean bank believed to finance the illicit procurement of arms and materials related to the isolated country’s banned nuclear program, South Korea’s JoongAng Daily reported on Monday. China and the United States have agreed to step up ...

Volcker says U.S. bank oversight ineffective, seeks overhaul

Apr 20, 2015

Volcker says U.S. bank oversight ineffective, seeks overhaul

Former Federal Reserve Chairman Paul Volcker is calling for a reshaping of the U.S. financial oversight regime, which he says is splintered and ineffective. A public policy group led by Volcker issued a report Monday on the regulation of banks and Wall Street. It ...

Mar 1, 2015

Bank groups might get OK to start new businesses via subsidiaries

The Financial Services Agency is considering deregulation that could make it easier for banking groups to start new financial services through subsidiaries, sources said. By relaxing the rules governing financial holding companies, the FSA aims to encourage them to enter new finance-related businesses by ...

Dec 19, 2014

U.S. weighs response to Sony hacking attack blamed on North Korea

The United States was considering possible options on Thursday in response to a major cyberattack on Sony Pictures blamed on North Korea, amid calls for tougher sanctions on Pyongyang to cut it off from the global banking system. U.S. experts say options for the ...

Banking culture fosters dishonesty

Nov 29, 2014

Banking culture fosters dishonesty


A cesspool of fraud and lies in the banking industry has come to light since the financial crisis of 2008, raising questions about how such rogue behavior could have happened. What caused traders, asset managers and others in the money business to behave dishonestly? ...