Bank of China (BoC)

More than 10 banks have been ensnared for their ties with the alleged money launderers, or their businesses in Singapore.

The consortium is made up of 32 industry players and is meant to provide guidance to firms on how to use AI responsibly.

The move comes at a time when strong demand for the US currency in the banking system helped push the yuan to a six-month low.

The Chinese bank requested that BP repay US$125.7 million($168.0 million) that it withdrew from the lender earlier this year.

The new company is among the first batch of Investment and Management Community Banks in China.

Say goodbye to savings accounts that barely give you adequate returns on your money, and hello to the ones with the highest interest rates.

SINGAPORE (Nov 21): Bank of China (BOC) has launched its first global fintech innovation lab in Singapore.

(Aug 28): Fullerton Financial Holdings (FFH), a portfolio company of Singapore investment company Temasek, and Bank of China (BOC) on Tuesday jointly acquired 27 community banks from China Construction Bank Co (CCB).

SINGAPORE (May 22): Bank of China has launched a co-brand Mastercard credit card with Singapore online retailer Qoo10 -- said to be the first-ever partnership between a bank and e-retailer locally.

(Oct 20): Morgan Stanley and Citigroup Inc are among those vying to be the designated US bank clearing yuan trades in the United States alongside Bank of China (BoC), China's fourth-biggest bank by assets, a senior BoC executive said on Wednesday.