china approves hsbc ping an stake sale
The China Insurance Regulatory Commission (CIRC) has approved HSBC's sale of its stake in insurance giant Ping An to a Thai conglomerate for $9.4bn, ending speculation that the deal might never be completed.
hk regulator bans ex merrill lynch asia
The Hong Kong Securities and Futures Commission (SFC) said it has banned Joyce Hsu Ming-mei, a former licensed representative of Merrill Lynch (Asia Pacific) Ltd from the financial services industry “for life”, in the latest of a series of actions taken over the past two years in response to a fraud that was found to have been committed by Hsu.
Zurich Bank Intl closes to new business
Isle of Man-based Zurich Bank International has closed to new business as part of its strategy to exit from non-core businesses.
United Kingdom | 5 Feb 13
seymour pierce future in the balance
The board of 130-year-old London stockbroker Seymour Pierce is reported to be in urgent talks over its future, after it emerged last week that it was in trouble.
Middle East | 1 Feb 13
barclays faces new probe into qatar loans reports
Authorities in the UK are probing allegations that Barclays Bank made a loan to the Qatar Investment Authority for it to invest in the bank at the height of the 2008 financial crisis in order to avoid a government bailout, according to a report in the Financial Times.