Morgan Stanley believed it was selling a 12% stake in the building to a unit of a state-owned real-estate company but instead sold shares to an entity controlled by Mr. Peterson, the Chinese official and a Canadian lawyer, prosecutors said.
Iran's central bank has won-denominated accounts at Industrial Bank of Korea and Woori Bank, both owned by the Korean government, to settle payment for its oil sales to Seoul, and its product imports from the Northeast Asian country.
According to Bloomberg, Sandeep Sharma, a managing director at HSBC private banking arm, has asked the Singapore High Court to make Yahoo! Asia Pacific reveal the identity of a person using the name "Sandeep" and claiming to be Sharma.
The total figure is double that of the same period last year, which was 222, and is already nearly 74 percent of the total count for 2011.
The defence statement was compiled by 3VB’s Adrian Beltrami QC, instructed by Matthew Arnold & Baldwin partner Clare Stothard, for Barclays.
Issues related to HSBC and Stanchart would be discussed at the next meeting of representatives of RBI and FSA, along with other supervisory developments and matters concerning various banks having operations in India and the UK, the official said.
There are currently eight banks on the QFB scheme, two of which have already established a local subsidiary, or have announced plans to do so.
A Financial Services Agency (FSA) official would take charge of inspecting Hong Kong branch offices of Japanese lenders including Mitsubishi UFJ Financial Group Inc, Hiroshi Okada, a spokesman for the regulator, said by telephone yesterday.
If you’re wondering what sort of assets that includes, Reuters wrote up an excellent investigation of the WMP scene, beginning with the case study of “Golden Elephant no. 38″ which promises a 7.5 per cent return.
Standard Chartered has what its own chief executive has described as a “boring” business model of financing trade in and out of Asia, which means doing a lot of transactions involving foreign currency on one side and U.S. dollars on the other.