World Finance speaks with attorney and China expert Frankie Fook-Lun Leung on the future of the world’s local bank – and how it might impact China

The MERS virus outbreak has prompted the central bank to slash its key interest rate to 1.5 percent

As many as 25,000 employees could go in effort to save $5bn a year

New report shows that fines and other penalties imposed upon banks continue to rise

Heavy fines together with sustained shareholder pressure have pushed Deutsche Bank’s co-chiefs to step down

Homegrown banks in the UK are undergoing dramatic restructuring, but a pending FCA investigation will help mitigate the decay of British investment banking

Economist Edward Hugh says the ECB should be more cognisant that the impact of QE on economies such as Spain will be a long-term process

Sberbank, Russia’s largest bank, announces plans to implement Islamic banking regulations in the country’s traditionally Muslim areas

China has long been pushing for a greater role internationally, and this looks closer than ever with the IMF holding the key

The yuan is no longer undervalued according to the IMF – possibly opening the way for the RMB to be accepted as a special drawing rights currency

In an attempt to close its current account deficit, Indian government hopes to mobilise idle gold hordes

A handful of customers form new relationships with banks on a regular basis, so for growth in the banking industry to remain steady, existing customers must be a continual core focus

A scepticism towards traditional banking, combined with a chronic talent shortage, has laid the groundwork for an Asian family office market to flourish

Central banks are starting to flirt with the idea of negative interest rates, though not without rethinking previously held assumptions about what is possible in terms of policy

With shifting sands in the financial system many are questioning the structure on which its build