Singapore’s central bank said on Tuesday it was looking into whether banks involved in a S$2.4 billion ($1.75 billion) money laundering scandal in the global wealth hub had taken all reasonable steps to mitigate risks.
UniCredit said on Tuesday it had mandated Egon Zehnder and Spencer Stuart as headhunters to support the board in identifying candidates to be included in the slate of nominees current directors will put forward to appoint their successors.
Swiss banking group UBS said on Tuesday it had signed a memorandum of understanding with the world’s largest lender by assets, Industrial and Commercial Bank of China (ICBC) , , to explore collaborations in China and overseas markets.
Goldman Sachs and HSBC are among a group of five banks adopting a common global approach to disclosing clients’ stock positions, a move which participants say could help cut costs and bolster transparency.
Australia’s corporate regulator said on Tuesday the federal court has ordered ANZ Group Holdings to pay a penalty of A$15 million ($9.63 million) for misleading customers about funds available in certain credit card accounts.
The Institute of International Finance said on Monday it would still hold its annual membership meeting in Marrakech on Oct. 12-14, following the World Bank and International Monetary Fund decision to stick to their own Morocco meeting plans after a devastating Sept. 8 earthquake.
France risks losing out on billions of euros in EU funds if lawmakers do not adopt long-term public finance plans, Finance Minister Bruno Le Maire warned on Monday.
Italy’s larger banks are still expected to pay a one-off banking tax despite the government at the weekend offering lenders a way out in return for putting aside cash to boost reserve buffers.
A group of Italian investors with a combined 10.9% stake in Mediobanca will vote to give Chief Executive Alberto Nagel a new term at a shareholders’ meeting on Oct. 28, one of the group’s members said on Monday.
