Finance
Guizhou Approves Dissolution of 27 Rural Banks
Chinese regulators approve dissolution of 27 rural financial institutions in Guizhou as part of sweeping rural credit reform.
—6 min read
Tag
#Banking
29 articles
Finance
Belfius Bank Hit by Major Technical Outage
Belfius bank experiences major technical outage affecting app, website, and card payments. Customers across Belgium report access issues.
—4 min read
Economy & Finance
China's Financial Leasing Assets Hit 5.23 Trillion Yuan
China's financial leasing industry reached 5.23 trillion yuan in total assets in 2025, up 7.89%, with tech-driven leasing segments surging.
—4 min read
PoliticsFinance
Capital One Says Trump Accounts Closed Over AML Concerns
Capital One says it closed Trump Organization accounts in 2021 after an anti-money laundering review flagged suspicious activity, not politics.
—7 min read
Finance
China Issues Landmark Financial Governance Rules
Four Chinese departments issue 22 measures to improve financial institution governance, targeting shareholder abuse and internal control by 2029.
—5 min read
Finance
China Issues Landmark Financial Governance Rules
Four Chinese departments issue 22 measures to improve financial institution governance, targeting shareholder abuse and internal control by 2029.
—5 min read
EconomyFinance
China's New Personal Loan Rules Mandate Full Cost Disclosure
Starting August 1, China requires all lenders to disclose comprehensive financing costs to borrowers, ending opaque pricing in the personal loan market.
—5 min read
EconomyFinance
Belgium Rules Out Belfius-Ethias Merger Before Bank Sale
Jan Jambon confirms no merger between Belfius and Ethias before the bank's partial privatization, rejecting MR's push for a Belgian banking champion.
—4 min read
FinanceConsumer Rights
Landmark Ruling: Belgian Banks Must Repay Phishing Victims
Belgium's highest court rules banks must repay phishing victims unless proven grossly negligent, after Stijn Gansemans' six-year battle against KBC.
—4 min read
Consumer ProtectionEconomy
Belgium Mandates Faster Bank Refunds for Phishing Victims
Belgian Minister Rob Beenders proposes legislation forcing banks to reimburse phishing victims within one day, shifting burden of proof to banks.
—4 min read
EconomyFinance
Big Banks Smash Earnings Records as Tectonic Risks Loom
JPMorgan, Goldman Sachs, Bank of America, Wells Fargo, and Citigroup report record Q2 earnings as trading surges, but executives warn of looming risks.
—5 min read
PoliticsEconomy
US Regulators Warn Banks on Lending to Those in US Illegally
Federal banking regulators warned that lending to immigrants in the US illegally poses elevated credit risk amid Trump's immigration crackdown.
—5 min read
FinanceLaw
Belgian Court Defines Gross Negligence in Phishing Ruling
Belgium's top court defines gross negligence in phishing cases, shifting burden to banks. Minister Beenders says banks must respect the law.
—4 min read
Finance & Economy
Belgian Savings Rates Rise: Which Banks Offer Best Deals?
Several Belgian banks are raising savings rates to over 3%. But the best deals come with strict conditions. Here's what savers need to know.
—4 min read
Finance & Economy
China Wealth Management Market Hits Record 35 Trillion Yuan
China's bank wealth management market surpasses 35 trillion yuan, a record high, driven by deposit rate cuts and market recovery after Q1 contraction.
—5 min read
Economy & Finance
Belgium to Sell 20% Stake in Belfius Bank for €2 Billion
Belgium launches partial privatization of Belfius Bank, selling a 20% stake to raise €2 billion. Analysis of the trade-offs and impact on national debt.
—4 min read
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
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