By Andrew Chung WASHINGTON (Reuters) -The U.S. Supreme Court preserved a tax on Americans who have invested in certain foreign corporations as constitutionally sound, ruling on Thursday against a chal[...]
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June 20, 2024
China orders small banks to curtail wealth management business, sources say
BEIJING (Reuters) – China’s banking regulator has given small banks a 2026 deadline to stop selling wealth management products unless they have a separate wealth subsidiary in a bid to cur[...]
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Singapore highlights banks as posing highest money laundering risk
By Yantoultra Ngui and Xinghui Kok SINGAPORE (Reuters) – Singapore’s banking sector, including wealth management, poses the highest money laundering risk in the city-state, the government[...]
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