Asian shares came under pressure on Thursday as a disappointing survey on Chinese manufacturing overshadowed better news from Japan, while the U.S. European markets seemed more sanguine, with financial spreadbetters tipping opening gains of between 0.1 percent and 0.3 percent for FTSE (.FTSE), DAX (.GDAXI) and CAC 40 (.FCHI). Investors reacted by selling the Australian dollar (AUD=D4), often a used as a liquid proxy for bets on China, while the CSI300 of the leading Shanghai and Shenzhen A-share listings shed 0.9 percent. MSCI's broadest index of Asia-Pacific shares outside Japan skidded 0.6 percent, with indices in South Korea (.KS11) and Taiwan (.TWII) in the red.
BEIJING/TOKYO (Reuters) - China's manufacturing activity hit a three-month low in August, raising the case for fresh policy steps to keep growth on track, while a Reuters poll showed Japan's economic recovery is likely to be modest despite a small acceleration in the factory sector.
The firms who received the warnings are among the largest banks in the world, but the sources declined to name individual firms because the enforcement actions are not public. Banks are responding to the stepped-up pressure by hiring people with experience in data governance and analytics. One of the sources said recruitment calls have spiked in the last 18 months as regulators have issued more non-public enforcement actions. The world's largest banks have only grown bigger since the 2007-2009 financial crisis, and now contain even more separate entities involved in a dizzying web of credit obligations and trading positions.