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Postal Savings Bank of China did not fare so well on its first trading day at the Hong Kong Stock Exchange on Wednesday.

Postal Savings Bank of China Makes Flat Market Debut

Sep 29, 2016 07:00 AM EDT

Despite breaking the record of raising $7.4 billion in the world's largest initial public offering (IPO), Postal Savings Bank of China did not fare so well on its first trading day at the Hong Kong Stock Exchange on Wednesday.

A financial professional stands in the Goldman Sachs booth on the floor of the New York Stock Exchange April 27, 2010 in New York, New York.

Goldman Sachs to Cut Workforce in Asia by 30%: Reports

Charissa Echavez |

Sep 26, 2016 07:30 AM EDT

Goldman Sachs is going to axe up nearly 30 percent of its 300 investment banking teams in Asia outside of Japan, sources familiar with the matter told Reuters.

Chinese Banks Targeted in Online Phishing Attacks

Phenny Lynn Palec |

Aug 26, 2016 04:07 PM EDT

Two Chinese banks have revealed that they were targeted by online fraudsters in a phishing scheme. The Hang Seng Bank and Bank of China Hong Kong both issued notices about recent web-based attacks on their respective customers based in China.

Company Of 'Asia's Richest Man' Included in Forbes' 2000 Biggest Companies in the World

Camille Harthy |

May 07, 2015 04:21 AM EDT

For the first time in the history of the FORBES Global 2000 list, the top four public companies ranked based on sales, profits, assets and market value call China their home.

Company Of 'Asia's Richest Man' Included in Forbes' 2000 Biggest Companies in the World

Camille Harthy |

May 07, 2015 04:21 AM EDT

For the first time in the history of the FORBES Global 2000 list, the top four public companies ranked based on sales, profits, assets and market value call China their home.

Apple Pay Coming To UK In Early 2015

David Curry |

Dec 29, 2014 11:17 AM EST

Apple Pay is close to a release in the UK, but one major bank is apparently concerned about the amount of user data Apple wants.

Kaspersky Predicts Cyber Attacks on Digital Wallets and ATMs in 2015

Sami Ghanmi |

Dec 03, 2014 09:12 AM EST

Kaspersky warns that virtual payment systems such as Apple Pay, which was launched in October in the U.S., will likely be vulnerable to cyber attacks.

U.S. Opposes China's International Bank Proposal

Rubi Valdez |

Oct 10, 2014 04:57 AM EDT

China's initiative of building a dedicated to build a dedicated development bank in Asia might be close to fruition, but the United States government is keen of lobbying potential allies in the hopes of impeding the project.