Citigroup’s UK operations have been hit with a £44m fine, the highest ever from the Bank of England, after it made “significant errors” in reporting its capital and liquidity positions over a four-year period. Citi’s framework for …
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Hong Kong (CNN Business) Two top executives at Westpac (WBK), one of Australia’s biggest banks, are out after the company was hit with extensive claims that it had systematically allowed money laundering on its watch. The company announced Tuesday …
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BEIJING (Reuters) – China’s central bank issued a draft guidelines on Tuesday on the evaluation of the country’s systemically important banks. The guidelines will help regulators to identify lenders that are crucial to China’s financial system, and thus reduce …
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SEOUL (Reuters) – South Korea’s Hyundai Motor (005380.KS) said on Tuesday it has signed a preliminary deal to build a new factory in Indonesia, which would be its first car plant in Southeast Asia and a crack at Japanese rivals that dominate the market.
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Money-saving expert Martin Lewis is urging first-time buyers to deposit £1 into Help To Buy (H2B) ISA schemes before the closing deadline on 30 November. Those who want to benefit from the ISAs now only have a matter of days left to apply, though only a …
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