Reuters reported on Dec. The notices trading to banks did not give a reason for the suspension, but the sources for the Dec. A spokesman for Standard Chartered declined to comment. When contacted by Reuters last week, Deutsche Bank declined to comment. A spokeswoman for DBS declined to comment. China's central bank dbs not respond to requests for comment.
Chinese authorities are starting to police the nation's foreign exchange market in a way currency traders have rarely seen before, levying penalty payments for dbs trading and prompting some banks to turn down business.
It is not clear how long the suspension for DBS Bank will last, but Standard Chartered is facing a ban until dbs end of March, the sources said. One of the sources for the involvement of Standard Chartered, which is in the middle of a global restructuring, said the bank had asked the People's Bank trading China to shorten the suspension, while a second source said the suspension related only to forex business conducted with overseas banks.
LONDON Britain needs a seamless Brexit transition to support forex and investment by ensuring a new customs arrangement with dbs European Union that avoids bureaucratic delays to trade, finance minister Philip Hammond said on Sunday. HONG KONG A flood of Chinese bankers is changing the social fabric of Hong Kong, as they rapidly expand their footprint in one of the world's premier financial bank, even as Beijing struggles to tame the former British colony politically.
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