Visa and Mastercard will extend caps on tourist card fees agreed five years ago with EU antitrust regulators by another five years to 2029, the European Commission said on Friday.
The Hong Kong unit of DBS Group Holdings , Singapore’s biggest lender, was fined HK$10 million ($1.28 million) by Hong Kong’s banking regulator for violating anti-money laundering (AML) and counter-terrorist financing regulations.
Nordea , the Nordic region’s biggest bank, has been charged with violating Denmark’s anti-money laundering act several times between 2012 and 2015, Danish police said on Friday.
HSBC is attracting initial interest from peers including BNP Paribas SA and UBS Group AG , for the sale of its German wealth management unit, Bloomberg News reported on Thursday, citing people familiar with the matter.
Bitcoin slid to a two-month low on Thursday, extending a month-long fall, as uncertainty over U.S. presidential elections and reports of bitcoin supply from a defunct Tokyo-based crypto exchange weighed.
Austrian regulators fined Raiffeisen Bank International for lapses in its money laundering controls, the country’s Financial Market Authority said on Friday, imposing a record fine of just over 2 million euros.
Japanese asset managers are increasingly supporting the targeting of poorly performing firms by activist fund Oasis Management, its founder said, paving the way for more campaigns to improve corporate governance and deliver higher shareholder returns.
China International Capital Corp (CICC) plans to expand its presence in Southeast Asia by opening offices in countries including Indonesia and Malaysia, said its investment banking head, as a slump in deals at home hurts its prospects.
