Henan Banking Scandal
Weekly Global News Wrap: Depositors hit by China’s banking fiasco to be repaid; HSBC pays £1500 to staff to help with living costs
Weekly Global News Wrap: Depositors hit by China’s banking fiasco to be repaid; HSBC pays £1500 to staff to help with living costs
And India’s Yes Bank is selling up to a 10% stake for $1.1b.
Chinese depositors call to release savings from frozen assets of 6 rural banks: report
The head of these banks' parent company is on the run and wanted for financial crime.
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1. Mizuho to acquire majority of Upsider’s shares for $309.8m 2. Singapore launches electronic deferred payments to ease cheque phase-out 3. SMBC appoints Joy Kwek to lead capital markets & solutions in APAC 4. NAB invests $55m to upgrade over 100 branches across Australia 5. Airwallex gains capital markets services license in SingaporeResource Center
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The digital bank was recognised as the Digital Bank of the Year - Hong Kong at the Asian Banking & Finance Retail Banking Awards 2025.
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