Economy & Finance
China Audit Reprimands Major Banks Over Tech Loan Failures
China's top auditor reprimanded ICBC, CCB, Bocom and CITIC Bank for mismanaging billions in tech loans, revealing systemic failures in innovation lending.
—5 min read
Tag
#Banking
13 articles
EconomyFinance
Belgium Launches €2 Billion Partial Privatization of Belfius
Belgium sells 20% of state-owned Belfius bank for €2 billion, raising questions about fiscal strategy and the bank's future public role.
—4 min read
EconomyFinance
Belgium to Sell 20% Stake in Belfius Bank for €2 Billion
Belgium seeks a buyer for 20% of Belfius bank, aiming to raise €2 billion to reduce national debt while retaining 80% ownership.
—4 min read
EconomyFinance
Belfius Sale Likely to Raise Banking Costs for Consumers
Belgium's planned sale of a 20% stake in state-owned Belfius could lead to higher bank fees, experts warn. The €2 billion privatization begins Monday.
—4 min read
FinanceTechnology
China Issues AI Security Rules for Banking and Insurance
China's NFRA releases first comprehensive AI security guidelines for banking and insurance, with 32 provisions on governance, data, and risk management.
—4 min read
FinanceEconomy
China Banks Tighten Gold Risk Controls Amid Price Swings
China's six largest banks raise gold margin requirements to 120% amid extreme price volatility, signaling a systemic shift in risk management.
—4 min read
EconomyConsumer
Lithium Batteries, Lost Cash and Pet Food: Belgium Roundup
From hidden fire risks in household waste to vanishing ATM deposits and a dog food recall, four Belgian consumer stories reveal systemic gaps.
—5 min read
FinanceConsumer Protection
Belgian Panel Urges Banks to Create Fraud Compensation Fund
A Belgian citizen panel recommends banks create a joint fund for fraud victims, funded by bank profits, amid growing pressure from courts and regulators.
—4 min read
CrimeConsumer Rights
Phishing in Belgium: Victim Loses €2,250, Banks Must Pay
A single mother lost €2,250 to a fake job scam on Indeed. Meanwhile, a Belgian court now forces banks to immediately compensate phishing victims.
—4 min read
JusticeFinance
Belgian Banks Ordered to Compensate Phishing Victims
A Belgian court orders banks to immediately reimburse phishing victims, shifting the burden of proof and setting a landmark consumer protection precedent.
—4 min read
LegalFinance
Belgian Court: Banks Must Compensate Phishing Victims Now
A Belgian court ruled banks must immediately refund phishing victims, shifting the burden of proof onto financial institutions in a landmark decision.
—5 min read
EconomyTechnology
BNP Paribas Fortis to Replace 1,000 Jobs with AI by 2028
BNP Paribas Fortis plans to replace 1,000 jobs with AI over three years through natural attrition, signaling a major shift in Belgian banking.
—4 min read
FinancePolitics
Ding Xiangqun: First Woman to Lead China's Top Regulator
Ding Xiangqun becomes the first woman to lead China's National Financial Regulatory Administration amid an anti-corruption drive.
—4 min read