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China Central Bank Details Rules on Online Payment
Dec 29, 2015China's central bank released detailed regulations of online payment services by non-bank institutions on Monday in the latest effort to contain possible risks in the booming Internet finance industry. The new rules require real-name ...
Tags: China Central Bank, Online Payment
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China Launches Bank Deposit Insurance in May
Apr 1, 2015Move is precursor to further liberalization of interest rate system An insurance system for bank deposits will start on May 1, a step toward scrapping remaining controls on interest rates and allowing lenders to fail in a more ...
Tags: Bank Deposit, Deposit Insurance
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Rising Domestic Demand Provides Firm Basis for Expansion in The Industrial Sector
Oct 28, 2013Rising domestic demand provides firm basis for expansion in the industrial sector British bank HSBC Holdings Plc said that China's manufacturing Purchasing Managers' Index will rise to a seven-month high of 50.9 in October, up from 50.2 ...
Tags: domestic demand, Chemicals
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A Bitcoin Trade Group Met with Representatives of Several U.S Government Agencies Monday
Aug 28, 2013A Bitcoin trade group met with representatives of several U.S government agencies Monday as regulators debate whether the?on-line?currency should comply with currency rules. Bitcoin critics have raised questions about the ability to ...
Tags: Computer Products, software
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U.S.Banks & Their Customers Do a Better Job of Protecting Themselves Against Cyber Attacks
Jan 11, 2013U.S. banks and their customers are doing a better job of protecting themselves against cyber attacks that result in thieves taking over commercial accounts, according to a survey released by the Financial Services-Information Sharing and ...
Tags: account takeovers, American Bankers Association, banks, cyber threats
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PDIC Would Help Enhance Payment Operations for Deposit Insurance Claims
Dec 27, 2012The Philippine Deposit Insurance Corporation (PDIC) has entered into a memorandum of agreement with the Land Bank of the Philippines (LBP) in a bid to help enhance payment operations for deposit insurance claims. As part of the agreement, ...
Tags: PDIC, memorandum of agreement, LBP, payment operations, deposit insurance
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WASHINGTON-If Congress Doesn't Avert The Fiscal Impasse
Dec 19, 2012Computerworld-WASHINGTON-If Congress doesn't avert the fiscal impasse,automatic budget cuts could reduce federal IT spending by$66 billion in the fiscal year that began Oct.1,according to an analysis by the industry group CompTIA. As it ...
Tags: Congress, fiscal impasse, budget, WARN act
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OSC Has Selected Kirk A Stephens as Senior Vice President
Dec 7, 2012OSC, the financial risk management and insurance services company, has selected Kirk A Stephens as senior vice president and chief compliance officer. OSC is owned by Breckenridge Insurance Group, an underwriting manager, insurance ...
Tags: OSC, risk management, insurance, Kirk A Stephens, senior vice president
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Charlie Loudermilk Was Sued by The Federal Deposit Insurance Corp. Over Bank Loans
Dec 5, 2012Aaron's founder Charlie Loudermilk was sued by the Federal Deposit Insurance Corp. for bad real estate loans made by a failed bank he chaired, according to a report by Bloomberg. Loudermilk, who also is founder and former chairman of the ...
Tags: FDIC, Aaron, real estate loans
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DBUs Will Initiate Renminbi-Related Businesses Comprehensively
Sep 20, 2012Starting November 1,domestic designated banking units(DBUs)will initiate renminbi-related businesses comprehensively,announced the Financial Supervisory Commission(FSC)yesterday(Sept.19). As a result,local people will be able to deposit ...
Tags: RMB business, DBUs, domestic banks, Taiwan, economic policy
