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BANKING NEWS

Deutsche Bank fined for failings in equity research unit

Deutsche Bank fined for failings in equity research unit
By: Ben McLannahan in New York Penalty is latest in long line of regulatory run-ins for German bank’s US arm Deutsche Bank has suffered another bloody nose at the hands of US regulators, with a $9.5m fine for failings in its equity...

Singapore shuts second Swiss bank over 1MDB corruption scandal

Singapore shuts second Swiss bank over 1MDB corruption scandal
By: Michael Peel in Bangkok, Don Weinland in Hong Kong and Ralph Atkins in Vienna Monetary authority orders closure of Falcon Private Bank and fines UBS and DBS Authorities in Europe and Asia have cracked down on an Abu ...

Deutsche Bank eyes asset management unit IPO

Deutsche Bank eyes asset management unit IPO
By: Martin Arnold in Washington, Arash Massoudi in London and James Shotter in Frankfurt Troubled German lender looks to float stake in division to rebuild capital buffers Deutsche Bank is working on a public ...

A Big Dutch Bank Is Replacing 5,800 People With Machines, At A Cost Of $2 Billion

A Big Dutch Bank Is Replacing 5,800 People With Machines, At A Cost Of $2 Billion
By Pathay Singh European banks are desperately trying to find ways to save money in these straitened times. ING, a major Dutch lender, announced this week that it plans to save €900 million ($1 billion) a year by cutting 5,800 jobs as part of a “digital ...

Standard Chartered probed by US over Indonesia 'bribes'

Standard Chartered probed by US over Indonesia 'bribes'
LONDON: Standard Chartered acknowledged on Tuesday (Sep 27) it was being investigated by the US Department of Justice over claims that an Indonesian subsidiary had paid bribes to secure contracts. The London-based, Asia-focused bank said in a statement that...

Who's behind the blog

Who's behind the blog

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