Pacific Andes, once the world's biggest fish filleter, suspected by New York bankruptcy trustee of using cash raised to buy fish to fund $800 million takeover. The group denies the claim.
*China opens interbank money market to foreign FIs
*OECD finalising BEPS multilateral instrument
*PBoC appoints RMB clearing banks in US, Russia
*China begins direct trading of RMB, Saudi riyal and UAE dirham
* Singapore promotes electronic payments
* RBI to alter corporate bond market regulations
* Indonesia launches portal to raise awareness of unregistered companies
*Korea to allow securities firms to raise more funds for corporate financing
*ASX opens RMB-denominated securities clearing
*HKMA promotes bank liquidity with new ratio
The US lender is looking to increase its wallet share among Asia-based multinational corporate clients. Munir Nanji, Asia sales head for treasury and trade solutions at Citi, tells CT how.