Foreign News

• Banking Day staff

The New Zealand Commerce Commission has issued a warning to HSBC over a failure to comply with the information disclosure requirements of the Credit Contracts and Consumer Finance Act. read more

• Banking Day staff

Marc Bayle de Jessé, currently European Central Bank director general of market group infrastructure and payments, has been named as the next chief executive of CLS Group, a global FX trading and set.. read more

• Banking Day staff

After a six-year investigation into rigging of spot foreign exchange markets, EU antitrust regulators have fined Barclays, Citigroup, JPMorgan, MUFG and Royal Bank of Scotland a total of €1.07 billi.. read more

• Banking Day staff

Deutsche Bank senior management face potential prosecution, and the bank is facing "significant disciplinary action" from UK and US regulators over a vast money laundering scheme that has been dubbed.. read more

• Banking Day staff

Germany's foreign banking association expects as many as 5,000 new jobs will be created among its members over the next 12 to 18 months due to Britain's departure from the European Union. read more

• Banking Day staff

A standing repo facility is an idea getting traction at the US Federal Reserve.This repo would involve banks converting Treasury bonds to reserves on demand at an administered rate. read more

• , Regulatory Intelligence

The revelations about Chinese asset recovery agents operating covertly in Australia will put pressure on the Department of Home Affairs to introduce law reforms ahead of the May general election. The.. read more

• , Regulatory Intelligence

China's high-profile global crackdown on corrupt oligarchs, or "big crocs", has begun to flounder as geopolitical tensions rise between the Mainland and the West. read more

• Banking Day staff

Global venture capital investment into the fintech sector this year has already reached US$30.8 billion, up from $1.8 billion in 2011. read more

• Banking Day staff

UK digital business bank Tide reached 56,000 SME customers, accounting for one per cent of the UK's 5.6 million SMEs. read more

• Banking Day staff

Equifax was unprepared to handle an incident that compromised more than 148 million consumers' personal information. read more

• Banking Day staff

All seven British banks and building societies - HSBC, Barclays, Lloyds, Santander UK, Royal Bank of Scotland, Nationwide Building Society and Standard Chartered - passed this year's Bank of England s.. read more

• Banking Day staff

Online payment fraud losses from eCommerce, airline ticketing, money transfer and banking services will reach US$48 billion by 2023. read more

• Banking Day staff

Groupe BPCE, the second largest banking group in France, has joined the ranks of Global Systemically Important Banks. read more

• Banking Day staff

American Express has won approval for a clearing and settlement license from the Chinese central bank, allowing it to become the first foreign card scheme to be granted direct access to China's bank c.. read more

• Banking Day staff

NYSE-listed online small business lender OnDeck has announced third quarter 2018 net income of US$9.8 million, an improvement on the net loss of US$4.1 million in the comparable period last year. read more

• Banking Day staff

A scam is emerging in which hackers reprogram ATM machines to dispense notes even when a transaction is denied. read more

• Banking Day staff

A payments card with a built-in fingerprint reader for unlimited contactless payments is being tested by Société Générale. read more

• Banking Day staff

The UK's top retail payments authority Pay.UK (previously called the New Payment System Operator) has unveiled plans for a new "confirmation of payee" service. read more

• Banking Day staff

AXA Investment Management is restructuring a £55 million fund to invest in fintech rather than top tier banks. read more