Nov 23, 2016

Philippines charges bankers for ignoring cyberheist

The Philippines has filed charges against five officials of RCBC bank and a former treasurer who “wilfully ignored” suspicious activity that led to tens of millions of dollars vanishing after a heist on Bangladesh’s central bank. Unknown cybercriminals tried to steal nearly $1 billion ...

Nov 12, 2016

U.S. should have joined China-led AIIB: Trump adviser

A top adviser to U.S. President-elect Donald Trump lashed out at the Obama administration for failing to embrace the China-led Asian Infrastructure Investment Bank, suggesting a possible policy shift when Trump takes office in January. Hong Kong’s South China Morning Post said that Trump’s ...

Nov 5, 2016

FSA policy on regional banks

The Financial Services Agency will have to thread a narrow line as it urges regional banks to boost their lending to small and medium-size firms.

Oct 6, 2016

BTMU to cooperate with foreign banks over money laundering

Bank of Tokyo-Mitsubishi UFJ, Japan’s biggest lender, will join foreign peers in using advanced technology to spot illegal activity, sources close to the matter said. The bank will partner with British giant HSBC and Singapore’s OCBC Bank in using the latest information technology and ...

Lawson to enter banking sector in 2018

Oct 5, 2016

Lawson to enter banking sector in 2018

Convenience store chain operator Lawson Inc. plans to enter the banking business in 2018, industry sources said Wednesday. It will prepare for its entry into a new sector by setting up a company next month with the Bank of Tokyo-Mitsubishi UFJ. The investment ratio ...

Wells Fargo faces customer suit over unauthorized accounts

Sep 17, 2016

Wells Fargo faces customer suit over unauthorized accounts

Wells Fargo & Co. was sued Friday by customers in what may be one of many lawsuits following disclosures that bank employees created unauthorized accounts to boost the bank’s fees. Three Utah customers sued in federal court, blaming the scandal on the bank’s push ...