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Australia and New Zealand Banking Group was fined A$25 million ($16 million) for failing to provide agreed benefits to customers with offset transaction accounts under its ‘Breakfree’ package, Australia’s market regulator said on Wednesday. The Australian Securities and Investments Commission (ASIC) said the federal court realised the country’s fourth-largest lender …

Several banks sharply increased one- and three-month deposit interest rates to around 6% on Tuesday. A VnExpress survey found that nine out of the country’s 35 commercial banks promptly raised the rates after the central bank increased the cap on interest rates for deposits of up to six months by …

Adidas AG terminated its partnership with rapper and fashion designer Ye on Tuesday after he made a series of antisemitic remarks, a move that knocked the musician off the Forbes list of the world’s billionaires. Adidas put the tie-up, which has produced several hot-selling Yeezy branded sneakers, under review this …