#Banks make blanket exits from businesses and account closure, regulators disagree
In response to fears of being fined for compliance failings banks are making blanket exits from certain businesses or closing clients' accounts on a large scale. Regulators disagree with such wholesale withdrawal from certain areas of business, even if it is done in the name of de-risking. Such de-risking moves are being carried out mostly at the large international banks, however Asia has seen very little de-risking so far.
Syndicate
