Siemens, Alibaba, Huawei and ZTE are all in the second batch of SAFE’s pilot for cross-border FX cash sweeping, netting and centralised payments transactions, CT has learnt.
China’s central bank has lifted a host of restrictions designed to make renminbi cross-border trade settlement easier to conduct, while at the same time announced new measures to promote greater offshore renminbi ...
Department of Financial Services’ (DFS) order to Standard Chartered Bank reads sensationally and personally. The extent of the banks’ wrongdoing is exaggerated.
The Department of Financial Services’ (DFS) accuses Standard Chartered Bank of hiding information in transactions for which ING and HSBC have just incurred record fines.