Scotiabank Approved for Shanghai Branch

Scotiabank has obtained approval from the China Banking Regulatory Commission (CBRC) to open a bank branch in Shanghai. The new branch will serve as its hub for foreign exchange and treasury services offered in China and will also offer full lending and deposit-taking services in foreign currencies. Scotiabank has had a Beijing representative office since […]
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Banks Fear Vietnam FX Lawsuit Fallout

Foreign banks operating in Vietnam are concerned that the legality of all foreign exchange deals done in the country may be thrown into doubt due to a criminal case being pursued by Vietnamese police against nine FX dealers at ABN Amro and Industrial and Commercial Bank of Vietnam (Incombank). A source tells Squawkbox that the […]
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