Chinese Bank Suffers "Rare" Bank Run, Police Arrest "Rumor-Spreaders"

Chinese police questioned 27 people, detained 12 and "severely" reprimanded 15, over the spreading of goss.....»»

Category: blogSource: zerohedgeAug 12th, 2017

India federal police arrest four more in PNB probe

MUMBAI (Reuters) - India's federal police have made four more arrests in the $2 billion fraud case involving state lender Punjab National Bank (PNB), widening the investigation of the biggest banking fraud in the country’s history......»»

Category: topSource: reutersMar 4th, 2018

Chinese Nationals Charged With ATM Hacking In Pakistan

Two Chinese men stand accused of ATM hacking in Pakistan after Karachi police said they caught them after they installed debit card skimmers in an ATM at a local bank. According multiple media o.....»»

Category: blogSource: valuewalkJan 10th, 2018

China Busts a $3 Billion Underground Bank as It Tightens Its Grip on Money

The police detained seven people thought to have helped thousands of Chinese circumvent government limits on how much money they can move from the country......»»

Category: dealsSource: nytNov 23rd, 2017

China Hitches Yuan to the Dollar, Buying Rare Calm

China’s central bank appears to have effectively pegged the Chinese yuan to the dollar in recent weeks, a policy twist that has helped stabilize the currency in a year of political transition......»»

Category: topSource: wsjMay 25th, 2017

Directors of company that committed fraud of Rs 500 cr held

The arrest comes after police froze the company's bank accounts and sealed its office at Noida Sector-2.....»»

Category: topSource: business-standardFeb 17th, 2017

World"s "Most Bearish Hedge Fund" Suffers Worst Month In History, Refuses To Capitulate

“In my view, the Trump election has made a large Chinese devaluation more likely. Mainland Chinese investors are desperately trying to get out of the Yuan, and the People’s Bank of China is trying to defend the value of the Yuan. They are doing this b.....»»

Category: blogSource: zerohedgeDec 12th, 2016

London Markets: FTSE 100 suffers steepest fall in 9 weeks as Fed, China weigh

U.K. stocks are shoved down Friday, as the market’s appetite for risk is hurt by talk of higher U.S. interest rates, weak Chinese inflation figures and inaction by the European Central Bank......»»

Category: topSource: marketwatchSep 9th, 2016

Chinese Central Bank's Departing Chief Leaves a Legacy of Reform – and Debt - Bloomberg

BloombergChinese Central Bank's Departing Chief Leaves a Legacy of Reform – and DebtBloombergAfter a record 15-year tenure in which he steered the nation through global crises, overhauled monetary policy too.....»»

Category: topSource: googlenews28 min. ago

Yi Gang Picked to Take Helm of People"s Bank of China

Chinese President Xi Jinping has picked an American-trained economist who has long pushed for pro-market overhauls to take the helm of the central bank......»»

Category: smallbizSource: wsj4 hr. 28 min. ago

The Tell: How tariffs directed at China could ripple through emerging-market currencies

The Trump administration could move to enact new tariffs on Chinese exports any day, but such duties could have consequences in currencies that go well beyond Beijing, warns Bank of America Merrill Lynch in a Thursday report......»»

Category: topSource: marketwatchMar 15th, 2018

In rare bipartisan vote, Senate eases some post-financial crisis bank regulations

Nearly eight years after Congress dramatically.....»»

Category: topSource: latimesMar 14th, 2018

Miners And Locals Are Fighting A "Guerilla War" In Bitcoin"s "El Dorado"

With the People's Bank of China cracking down on bitcoin miners, an unprecedented exodus out of the Chinese hinterlands - where subsidized energy made crypto mining an enormously profitable enterprise - has created opportunities for .....»»

Category: blogSource: zerohedgeMar 10th, 2018

Indian police say gold bribes given in $2 billion bank fraud case

MUMBAI/NEW DELHI (Reuters) - An official of India's Punjab National Bank received gold and diamond jewelry from a billionaire jeweler accused of being involved in a $2 billion bank fraud, the federal police told a court on Saturday......»»

Category: topSource: reutersMar 3rd, 2018

Bihar youth commits suicide as Punjab National Bank refuses to give loan

District police official Vidhassgar said police has begun an investigation from all angles.....»»

Category: topSource: business-standardMar 1st, 2018

Oscar-nominated documentary tells amazing story of the only U.S. bank to be prosecuted after the financial crisis

Director Steve James (‘Hoop Dreams’) tells MarketWatch about “Abacus: Small Enough to Jail” and the trial of a family-run, Chinese community bank......»»

Category: topSource: marketwatchMar 1st, 2018

Ordinance likely to fast-track Fugitive Economic Offenders Bill

Planners in the government also expect disruptions due to the Punjab National Bank scam and the arrest of former finance minister P Chidambaram's son.....»»

Category: topSource: business-standardFeb 28th, 2018

Comic book legend Stan Lee discovers $1.4M missing from his bank account

Comic Book Legend Stan Lee, told police that $1.4 million was stolen from his bank account. For more on the story here is Zachary Devita......»»

Category: topSource: moneycentralFeb 28th, 2018

Someone allegedly stole $1.4M from Stan Lee's bank account

Comic Book Legend Stan Lee, told police that $1.4 million was stolen from his bank account. For more on the story .....»»

Category: topSource: usatodayFeb 27th, 2018

The story behind Oscar-nominated bank documentary, ‘Abacus: Small Enough to Jail’

Director Steve James (‘Hoop Dreams’) tells MarketWatch about the unlikely trial of a family-run, Chinese community bank, indicted for fraud charges connected to the 2008 financial crisis......»»

Category: topSource: marketwatchFeb 27th, 2018

Meet Liu He - The Hyper-Interventionist Frontrunner To Lead China"s Central Bank

As the People's Bank of China's longtime leader Zhou Xiaochuan prepares for retirement in March, speculation about who Chinese leader Xi Jinping might choose to succeed him is mounting - and according to Reute.....»»

Category: blogSource: zerohedgeFeb 23rd, 2018