Central Bank

China Aims To Fight Money Laundering With Int’l Cooperation

China Aims To Fight Money Laundering With Int’l Cooperation
China Aims To Fight Money Laundering With Int’l Cooperation
June 19, 2019  |  International

In an effort to clamp down on cross-border money laundering, the People’s Bank of China (PBOC) plans to bolster cooperation with other nations such as...

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China To Help Smaller Banks Retain Liquidity
China To Help Smaller Banks Retain Liquidity
June 10, 2019  |  Bank Regulation

China’s central bank announced over the weekend it plans to use several tools to keep liquidity in the market and that it will provide liquidity...

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Post-Baoshang Takeover, China Aims To Reassure Investors
Post-Baoshang Takeover, China Aims To Reassure Investors
June 02, 2019  |  Bank Regulation

China’s Central Bank said over the weekend that there won’t be any more takeover of banks after the government’s intervention with Baoshang Bank, an Inner...

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Irish Mortgage Lender Must Pay €21M For Fleecing Interest Fees
Irish Mortgage Lender Must Pay €21M For Fleecing Interest Fees
May 31, 2019  |  Loans

Ireland’s central bank announced that it has fined a state-backed mortgage lender €21 million for overcharging its customers. Get the Full Story Complete the form...

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Germany’s Central Bank Says Tech Presents Hurdles, Opportunities
Germany’s Central Bank Says Tech Presents Hurdles, Opportunities
May 21, 2019  |  Innovation

Bundesbank, Germany’s central bank, said increased use of financial technology in the country could present regulators with their biggest hurdle since the financial crisis, according...

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Liberia’s Lost $100M Found In Central Bank
Liberia’s Lost $100M Found In Central Bank
March 01, 2019  |  International

Two of Liberia’s central bank officials have been detained over widespread malpractice at the bank related to $104 million in missing bank notes. Get the...

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Fed Casting Wary Eye On FinTech Firms’ Infrastructure Access?
Fed Casting Wary Eye On FinTech Firms’ Infrastructure Access?
January 15, 2019  |  B2B Payments

Concerns over IT and cyber risk may be speed bumps for FinTechs desiring a national stage, as the Fed eyes access to the nuts and...

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China Puts Visa, Mastercard Applications On Hold
China Puts Visa, Mastercard Applications On Hold
January 14, 2019  |  International

China’s central bank has yet to acknowledge applications submitted by Visa and Mastercard that would allow the companies to process renminbi payments. Citing sources familiar...

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China To Help Private Businesses With Lower-Cost Credit
China To Help Private Businesses With Lower-Cost Credit
January 07, 2019  |  International

Lawmakers in China are looking at ways to help private businesses that are having a hard time refinancing debt, reported Reuters. Get the Full Story...

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