First Asian bank focuses on complying with cease and desist order, bank director says
First Asian Bank is focused on complying with provisions of a regulatory cease and desist order, including requirements to replace senior officers and boost capital, a bank director said today.
HONG KONG-based Bank of East Asia is opening its first branch in Manchester later in the year.It is refurbishing a four-storey 1960s building in Charlotte Street, on the edge of Chinatown, ahead of an April launch.The bank, which opened in London in 1990 and Birmingham in 1997, will have an initial team of 13 and is advertising business development and customer service roles.