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.
Thought Leadership Centre
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1. OCBC to acquire $6.6b HSBC Indonesia wealth, retail banking business 2. Citi hires StanChart veteran to lead Hong Kong corporate banking 3. DBS’ net profit up 1% to S$2.93b in Q1 on record total income 4. Standard Chartered sets up AI lab to test banking use cases 5. DeeMoney CEO says trust will beat acquisitionResource Center
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CEO Phlaphongphanich said the industry is measuring the wrong things.
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