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banking sector

Hong Kong issues generative AI guidelines to banks to avoid bias against consumers

by Anas Siddiqui
Hong Kong issues generative AI guidelines to banks to avoid bias against consumers

Hong Kong’s de facto central bank is urging financial institutions in the city to follow a new set of guidelines when using generative artificial intelligence (GenAI) in consumer-facing applications, as …

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Chinese banks could improve their bottom lines with AI adoption, experts say

by Anas Siddiqui
Chinese banks could improve their bottom lines with AI adoption, experts say

The development and application of artificial intelligence (AI) technology in China’s banking sector could help the nation’s lenders generate new revenue streams, as banks grapple with challenges ranging from a …

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Singapore warns banks pose highest money laundering risk after US$2.24 billion scandal

by Walter Watson
Singapore warns banks pose highest money laundering risk after US.24 billion scandal

Singapore’s banking sector, including wealth management, poses the highest money laundering risk in the city state, the government said in a money laundering risk assessment report published on Thursday. Banks …

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National Bank reaches deal to buy Canadian Western Bank at $5B valuation

by Anas Siddiqui
National Bank reaches deal to buy Canadian Western Bank at B valuation

Canada’s banking sector is facing further consolidation as National Bank of Canada has reached an all-share deal to acquire Canadian Western Bank that values the lender at about $5 billion. …

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Freeland approves RBC’s $13.5B takeover of HSBC Canada with conditions

by Anas Siddiqui
Freeland approves RBC’s .5B takeover of HSBC Canada with conditions

Finance Minister Chrystia Freeland has approved RBC’s $13.5-billion takeover of HSBC Canada, despite calls from opposition politicians and other groups to block it over concerns of reduced competition. Freeland’s approval …

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Cyprus lit up with flurry of oligarch transactions after Russia invaded Ukraine, leaked files show

by Walter Watson
Cyprus lit up with flurry of oligarch transactions after Russia invaded Ukraine, leaked files show

With Russian tanks and troops descending on Ukraine in early 2022, Cyprus became a hotbed of financial activity. The island country has long been known as an offshore transit point …

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Finance committee MPs ask federal government to reject RBC-HSBC deal

by Anas Siddiqui
Freeland approves RBC’s .5B takeover of HSBC Canada with conditions

The House of Commons finance committee has asked Ottawa to reject the Royal Bank of Canada’s $13.5-billion acquisition of HSBC’s domestic unit, citing the lack of competition in the country’s financial …

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IBPS Releases Admit Card For RRB PO Prelims 2023; Check Steps to Download

by Judith Hall
IBPS Releases Admit Card For RRB PO Prelims 2023; Check Steps to Download

Home Education IBPS Releases Admit Card For RRB PO Prelims 2023; Check Steps to Download IBPS has released the admit card for RRB PO Prelims 2023, highlighting their commitment to …

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