THE world's biggest sovereign wealth fund faces serious questions over the conduct of its outgoing chief executive and the selection process of his successor, amid a scandal involving a luxury jet...

[SYDNEY] Australia's Westpac Banking said it expects a A$900 million (S$818 million) fine over accusations it enabled millions of illegal payments including between known child sex offenders, the...

AUSTRALIA'S No 2 lender Westpac Banking Corp was hit with a second US class-action lawsuit in less than a week on Monday, over issues with its financial crime monitoring amid a recent money...

[LONDON] Prince Andrew's attempt to explain away his friendship with pedophile financier Jeffrey Epstein in a high-profile TV interview degenerated into a farce that threatens to be the British...

CHINA'S Future Land Development Holdings said on Thursday that its subsidiary Seazen Holdings plans to sell equity interest in projects worth up to 15 billion yuan (S$2.98 billion) to enhance cash...

A LONG-RUNNING criminal probe into diamond sales by Italian banks has uncovered what prosecutors say is further evidence of corruption by officials at UniCredit, Italy's largest lender, and...

A CRIMINAL probe tied to money laundering allegations engulfing Swedbank drew sharp recriminations from both sides over the weekend, and raised serious questions about the role of the board.

[TOKYO] It's a familiar story: a Japanese company is embroiled in scandal, then executives take pay cuts in a bid to make everything right.