ASIC bans former Citibank manager

ASIC has permanently banned a former Citibank manager from providing financial services after an investigation found she conducted over 30 transactions without client authorisation.


Liu Says China's Banks to Meet, Exceed New Liquidity Standards

Most of China's banks will meet or surpass the new liquidity requirements under the Basel III agreement that's aimed at averting future crises, said Liu Chunhang, director general of the research and statistics departments at the China Banking R


Kiwi trader hiding in Panama

A Kiwi investment trader is believed to be hiding out in Panama after he allegedly ripped off mum and dad investors of up to A$20 million in an elaborate international Ponzi scheme.


Banks face tight timeline on global capital rules

Australian banks will need to meet new global capital rules ahead of the internationally agreed timetable under proposals made today, although the move is unlikely to force any of them to raise any new equity immediately.


Asian banks accept G-Sifi surcharge

Banks from emerging markets have resisted criticising a capital surcharge on worldwide banks, in contrast to peers in Europe and North America, in a key Basel consultation.