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SHANGHAI -- China's biggest commercial banks are prepared to extend over 130 billion yuan ($18 billion) of financing for real estate projects, new disclosures show, in response to the government's latest call to support the ailing property sector.
TOKYO -- Japanese banks' anti-money laundering measures will face a review by an international organization in August 2028, following a previous screening in which the country received a failing grade.
KUALA LUMPUR -- Malaysia is considering filing lawsuits against several foreign banks over alleged malfeasance in the multibillion dollar 1Malaysia Development Berhad (1MDB) corruption scandal, according to the government's 1MDB Asset Recovery Task Force.
HONG KONG -- U.S. Treasury officials pressed Chinese and foreign banks in Hong Kong this week to comply with new Biden administration sanctions on Russia's military industry as part of a global effort to turn up the heat on Moscow over its invasion of Ukraine.