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Veteran investment banker Chris Howe will join Credit Suisse at the end of September as head of fixed income trading for Asia Pacific. -
The US has slapped Habib Bank (HBL) with one of the biggest fines on an Asian financial institution in recent years. Pakistan's largest bank is the latest lender to be penalised for flouting anti-money laundering rules but said it would contest the fine.
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Former Barclays banker Hardik Dalal started in a newly created executive director position at MUFG Securities Asia on Monday.
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Société Générale has appointed Florian Dumas for the newly-created role of head of financial institutions sales for global markets fixed income and currencies in Asia Pacific.
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China Securities Regulatory Commission says stock exchanges should take up a more active regulatory role, the discipline commission puts anti-graft official stationed at the Ministry of Finance under investigation, and an index by Bank of China shows an uptick in cross-border renminbi activity in the second quarter.
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Saudi Arabia considers issuing its first Panda bond, Ministry of Finance (MoF) plans to roll over Rmb600bn ($90.1bn) of debt by issuing special treasury bonds, and the Chinese premier piles pressure on state-owned enterprises (SOEs) directly owned by the State Council to deleverage more rapidly.
