Chinese bank may face U.S. action in North Korean sanctions probe: Washington Post
A U.S. judge has found three large Chinese banks in contempt for refusing to comply with subpoenas in a probe into North Korean sanctions violations, the Washington Post reported, adding one of them could lose access to the U.S. financial system.
Euro zone bank profitability may weaken on slowdown: ECB
Profitability across the euro zone bank sector is low and weakening growth could further dampen the sector’s prospects, European Central Bank Vice President Luis de Guindos said on Tuesday.
Bolton says way is open for Iran to enter talks with U.S
U.S. National Security Adviser John Bolton, speaking after the United States increased sanctions against Iranian officials, said Washington was still willing to talk to Iran.
Boris Johnson says he is serious about going through with ‘no-deal’ Brexit
Boris Johnson, the favorite to become British prime minister, said he will seek a new Brexit deal with the European Union but if the bloc refuses his demands then he will lead the world’s fifth largest economy out without agreement on Oct. 31.
Shanghai Pudong Development Bank says will strictly abide by relevant laws, regulations
Shanghai Pudong Development bank, asked about a Washington Post report that it could lose access to the U.S. financial system, said in a statement on Tuesday that it will strictly abide by the relevant laws and regulations.
Democracy falls short for people around the world: survey
Only half of the world’s population thinks their country is democratic, a survey published on Tuesday found, with many Western Europeans viewing banks and social media as threats to democracy.
China Merchants Bank says not involved in any probe related to sanction violations
China Merchants Bank said on Tuesday that it complies with related United Nations resolutions and Chinese laws, and is not involved in any investigations related to possible violations of sanctions.
Three Chinese banks face U.S. action in North Korean sanctions probe: Washington Post
Three large Chinese banks could lose their access to the U.S. financial system after a judge found them in contempt for refusing to comply with subpoenas in a probe into violation of North Korean sanctions, The Washington Post reported https://wapo.st/…
Seven migrant deaths reported in ‘extreme heat’ at U.S. border
Authorities in Texas reported seven migrant deaths on Monday, including those of a woman, two babies and a toddler, showing the danger of extreme summer heat as Central American families surge across the U.S.-Mexico border.
Cambodia charges Chinese nationals over deadly building collapse
A Cambodian court charged seven people on Tuesday, including five Chinese nationals, with involuntary manslaughter and conspiracy after 28 people died in a collapsed building on the weekend.
