The court, in the report, said it affirmed the High Court ruling that the PNB held the legal title to the funds as depositor of the money as well as original account holder with WestLB, the Germany-based bank that held the money.
The Shanghai Stock Exchange has criticized four Chinese securities brokerages for late trades on behalf of foreign investors that caused a sudden tumble in several blue-chip stocks two weeks ago, state media reported on Monday.
The new capital impost will take the big four Australian banks’ minimum common equity tier 1 capital requirement to 8 percent, in line with current capital levels at the lenders, according to their annual reports.
The Australian outfit, which allied with the magic circle firm in May last year and has since moved into their offices on George Street in the city-state, has seen the departure of 11 lawyers and four partners in the region since the beginning of 2012.
The number of new incorporations across the whole offshore region has fallen slightly compared with the previous six-month period but as the number of firms ceasing to trade has also dropped, this has allowed most registries to continue to grow. Many are