Search Results for: Standard Chartered
PwC accused of cheating firm out of $138m
March 26th, 2018
The accounting giant PwC is accused of conspiring to cheat a firm of consultants out of at least £75m ($138 million) in a deal with the controversial mining tycoon Frank Timis, in a London High Court battle over natural ...
OTC Clear Welcomes BNP as its First Clearing Member from France
September 19th, 2017
OTC Clearing Hong Kong Limited (OTC Clear), a subsidiary of Hong Kong Exchanges and Clearing Limited (HKEX) that was set up in 2013 to provide clearing services for over-the-counter, or OTC, derivatives, welcomes BNP Paribas (BNP) as 17th clearing ...
Financial Penalties Imposed on Credit Suisse and UOB for 1MDB-Related Transactions
May 30th, 2017
The Monetary Authority of Singapore (MAS) announced today that it has completed its two-year review of banks involved in 1MDB-related transactions known to-date. In its latest regulatory actions, MAS has imposed financial penalties on Credit Suisse and United Overseas ...
Russia’s Gazprom May Move Operations From London Over Post-Brexit Trade Concerns
April 5th, 2017
According to media reports, Russia’s energy giant Gazprom may leave the United Kingdom in light of potential trading difficulties associated with the country’s departure from the European Union. Russia’s energy giant Gazprom may leave the United Kingdom in light of potential ...
HKEX to Introduce Options on Three More Blue Chips on 10 April
March 16th, 2017
Hong Kong Exchanges and Clearing Limited (HKEX) will introduce options on Hang Seng Index constituents AAC Technologies, Geely Automotive and Link REIT on Monday, 10 April 2017 to further strengthen its options market. The Link options will be HKEX’s ...
PwC launches Hong Kong legal practice
March 10th, 2017
The Big Four accountancy firm has entered the legal fray making hires from King & Wood Mallesons and O’Melveny & Myers. The move has resulted in the establishment of a new independent Hong Kong firm, Tiang & Co, led ...
Citibank N.A. settles for being part of forex trading cartel
February 21st, 2017
Today, the Competition Commission has filed with the Competition Tribunal a settlement agreement reached with Citibank N.A. for being part of the forex trading cartel. The Commission found that from at least 2007, Citibank N.A. and its competitors had ...
Hotspot expands its global sales team
February 9th, 2017
Hotspot Expands Global Sales Leadership Team, Promotes Leit, Watras to Europe, Asia Roles Additional Hires Add Extensive FX Experience Hotspot, a leading institutional foreign exchange (FX) market owned and operated by Bats Global Markets (Bats: BATS), today announced expansions ...
7 Major European Banks Form Blockchain Platform ‘Digital Trade Chain’
January 16th, 2017
A group of seven large European banks has signed a memorandum of understanding (MoU) to develop a blockchain-powered cross-border trade finance platform for small and medium-sized companies in Europe. The participating banks are UK-based banking giant HSBC, Dutch institution ...
MIS Services reprimanded and fined $3 million
January 3rd, 2017
The Securities and Futures Commission (SFC) has reprimanded and fined MIS Services Limited (formerly known as Standard Chartered Investment Services Limited) (SCIS) $3 million for its failure to comply with regulatory requirements under the SFC Code on MPF Products ...
