A crackdown on inside trading in China since the second half of last year has resulted in 39 suspects from over 20 financial institutions being handed over to police, the China Securities Regulatory Commission (CSRC) said on Friday.
The People's Bank of China (PBOC) is weighing changing rules governing how loan-to-deposit ratios are calculated at banks, a move that would boost liquidity conditions, sources with direct knowledge told Reuters.
Standard Chartered Plc has hired two former prosecutors to police its transactions for criminal activity, a spokesman said on Friday, as the British bank wrestles with a series of legal and compliance problems.
Prosecutors raided the headquarters of LG Electronics on Friday as part of a probe into whether the South Korean company had damaged the washing machines of rival Samsung Electronics at retail stores in Germany, LG said.
