/ Feb 8, 2017

India to remove cash withdrawal limits

Limits on cash withdrawals will be removed entirely from March 13, India’s central bank said Wednesday, as it left interest rates on hold for the second time since a ban on high-value rupee notes. The Reserve Bank of India capped cash withdrawals after Prime ...

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 ...

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 ...

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? ...