China's central bank has asked commercial banks for feedback on draft rules for a long-awaited deposit insurance system, three industry sources said on Friday, amid a debate on whether the country ...

China on Sunday issued draft regulations to introduce a bank deposit insurance system for the first time, the latest in a series of steps to fully liberalise interest rates and allow banks to ...

Bank of America was hit with a lawsuit by Urban Echo Energy in the U.S. District Court of Maryland on Monday, which alleged that the bank took possession of $5.1 billion in drafts, blocking ...

“For reasons unbeknownst to me, BOA refused to deposit the Bank Drafts into Urban Eacho’s accounts,” Davis said in a verified statement submitted to the court. “Instead I was notified on ...

A Waterloo couple sold their RV on Kijiji but the $50K bank draft they received didn’t clear. Now they want to warn others not to get scammed when selling online ...

G7 finance leaders set year-end deadline for supply chain scheme. G7 C.banks pledge to keep inflation expectations well-anchored. Draft communique makes no mention of U.S. debt ceiling crisis ...

The draft rules, issued by the Legislative Affairs Office of the State Council, China's cabinet, directly cover deposits of up to 500,000 yuan ($81,395), according to a notice published on the ...