Australia

The bank waits to see a statement of claim in the matter while it will vigorously defend the case.

Contrary to reports the bank’s chairman endorses Kelly as she provided strong leadership to the bank.

An increase in spending on technology is expected over the next five years to hit US$132 billion, according to Ovum.

Qilu Bank has been alleged to have received $227mln worth of forged commercial bank bills.

The bank issued $1bln three-year notes, $1bln 10-year bonds and $1bln three-year floating rate notes.

The lender eyes Japan expansion apart from South Korea, China, Southeast Asia and India.

The review of tax treatment of Islamic Finance products is one of the main tax recommendation of the Report on Australia as a Financial Centre.

The issuance is the lender's first Hong Kong RMB offshore bonds oversubscribed 6 times.

The lender, however, has disabled the ability to add new payees directly from the application.

The Australian lender wants to concentrate on its core businesses at home while selling the “deadweight” British lender.

The technical malfunction affected about 5% of the bank's 11mln business and retail customers.

The bank employs more Bangalore and Manila workers to take advantage of cheaper labor costs.

The claims seek to recover any third-party costs customers face from online transactions following technical failure.

Financial institutions around the globe watched closely on the G20 Seoul Summit.

The bank had to source funds by covered bonds elsewhere since they are banned in Australia.

Although Australia has specifically rejected the idea of a global bank levy to help defray the costs of past and future financial sector bailouts, local institutions could still be caught by bank levies imposed elsewhere.